zSpace’s (ZSPC) “Market Perform” Rating Reaffirmed at Barrington Research

zSpace (NASDAQ:ZSPC)‘s stock had its “market perform” rating restated by stock analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research note on Monday, April 20th. Wall Street Zen cut zSpace to a “strong sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, zSpace has a consensus rating of “Hold” and an average price target of $100.00.

zSpace Stock Performance

Shares of ZSPC traded down $0.01 during midday trading on Monday, hitting $0.18. The company had a trading volume of 136,606 shares, compared to its average volume of 869,311. The company’s 50-day simple moving average is $2.33 and its 200-day simple moving average is $8.98. The firm has a market capitalization of $554,921.40, a P/E ratio of -0.01 and a beta of -1.94. zSpace has a 1 year low of $0.09 and a 1 year high of $166.64.

Insider Buying and Selling

In other news, major shareholder Aqr Capital Management Holding purchased 34,428 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of $1.75 per share, with a total value of $60,249.00. Following the completion of the transaction, the insider directly owned 190,257 shares in the company, valued at approximately $332,949.75. This represents a 22.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,945 shares of company stock worth $3,407 over the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of zSpace in the fourth quarter valued at approximately $57,000. Geode Capital Management LLC increased its holdings in shares of zSpace by 134.0% in the fourth quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock valued at $56,000 after purchasing an additional 68,150 shares during the period. XTX Topco Ltd acquired a new position in shares of zSpace in the fourth quarter valued at approximately $30,000. HRT Financial LP acquired a new position in shares of zSpace in the fourth quarter valued at approximately $27,000. Finally, AQR Capital Management LLC acquired a new position in shares of zSpace in the fourth quarter valued at approximately $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.