zSpace (NASDAQ:ZSPC) Announces Earnings Results, Misses Estimates By $0.10 EPS

zSpace (NASDAQ:ZSPC) issued its quarterly earnings results on Monday. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10), FiscalAI reports. The company had revenue of $4.85 million during the quarter, compared to analysts’ expectations of $6.20 million.

zSpace Trading Down 7.9%

ZSPC stock traded down $0.01 during mid-day trading on Monday, hitting $0.11. 1,950,298 shares of the company were exchanged, compared to its average volume of 1,285,337. The firm has a fifty day simple moving average of $0.30 and a 200 day simple moving average of $0.64. The company has a market capitalization of $3.77 million, a PE ratio of -0.14 and a beta of -0.25. zSpace has a twelve month low of $0.10 and a twelve month high of $10.66.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ZSPC. Jane Street Group LLC bought a new position in shares of zSpace during the fourth quarter valued at approximately $57,000. Geode Capital Management LLC raised its position in shares of zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after purchasing an additional 68,150 shares during the period. XTX Topco Ltd bought a new stake in shares of zSpace in the 4th quarter worth approximately $30,000. HRT Financial LP bought a new stake in shares of zSpace in the 4th quarter worth approximately $27,000. Finally, AQR Capital Management LLC acquired a new position in zSpace during the 4th quarter valued at approximately $25,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

zSpace Company Profile

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.