zSpace (NASDAQ:ZSPC) Stock Rating Lowered by Wall Street Zen

zSpace (NASDAQ:ZSPC) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $5.00 target price (down from $12.00) on shares of zSpace in a research note on Friday, August 15th. Finally, Barrington Research reiterated an “outperform” rating and issued a $5.00 target price on shares of zSpace in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.00.

zSpace Stock Performance

zSpace stock opened at $0.95 on Friday. zSpace has a fifty-two week low of $0.87 and a fifty-two week high of $32.69. The stock has a market cap of $22.82 million and a PE ratio of -1.79. The firm’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $3.44.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.11). The company had revenue of $7.46 million for the quarter, compared to analyst estimates of $7.59 million.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. XTX Topco Ltd bought a new position in shares of zSpace, Inc (NASDAQ:ZSPC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned 0.05% of zSpace at the end of the most recent quarter.

zSpace Company Profile

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.