zSpace (NASDAQ:ZSPC) Trading Up 8.5% – Still a Buy?

Shares of zSpace, Inc. (NASDAQ:ZSPC) shot up 8.5% on Thursday . The stock traded as high as $24.88 and last traded at $23.00. 43,514 shares were traded during trading, a decline of 57% from the average session volume of 100,540 shares. The stock had previously closed at $21.20.

Analysts Set New Price Targets

Several brokerages have weighed in on ZSPC. Northland Capmk raised shares of zSpace to a “hold” rating in a research note on Wednesday. Roth Mkm began coverage on shares of zSpace in a research report on Monday, February 3rd. They set a “buy” rating and a $20.00 price target on the stock. Northland Securities began coverage on shares of zSpace in a research report on Thursday. They set a “market perform” rating on the stock. Finally, Roth Capital raised shares of zSpace to a “strong-buy” rating in a research report on Monday, February 3rd.

zSpace Trading Down 18.4 %

The company has a 50-day moving average price of $14.40.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC bought a new stake in zSpace, Inc. (NASDAQ:ZSPC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,621 shares of the company’s stock, valued at approximately $359,000. Jane Street Group LLC owned approximately 0.10% of zSpace as of its most recent SEC filing.

About zSpace

zSpace Technologies, Inc is a provider of commercial augmented reality and virtual reality technology principally in the education market. The Company offers differentiated hardware along with learning software modules for K-12 science, technology, engineering, game design and mathematics applications, as well as workforce-oriented career and technical education applications.