zSpace, Inc (NASDAQ:ZSPC) Receives $9.50 Consensus Price Target from Analysts

zSpace, Inc (NASDAQ:ZSPC) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $9.50.

A number of equities research analysts have recently weighed in on the company. Barrington Research dropped their target price on zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Wall Street Zen cut zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. Finally, Northland Capmk cut shares of zSpace from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th.

zSpace Trading Up 17.4%

Shares of ZSPC stock opened at $0.51 on Friday. zSpace has a 1 year low of $0.36 and a 1 year high of $26.79. The firm’s 50 day moving average is $0.68 and its 200-day moving average is $1.78. The firm has a market capitalization of $14.67 million and a price-to-earnings ratio of -0.64.

zSpace (NASDAQ:ZSPC) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The company had revenue of $8.79 million for the quarter, compared to analysts’ expectations of $8.43 million.

Institutional Trading of zSpace

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. bought a new position in shares of zSpace in the 1st quarter worth $170,000. XTX Topco Ltd acquired a new position in zSpace in the second quarter valued at about $39,000. Finally, Millennium Management LLC acquired a new position in zSpace in the third quarter valued at about $25,000.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.