Barrington Research Has Lowered Expectations for zSpace (NASDAQ:ZSPC) Stock Price

zSpace (NASDAQ:ZSPC) had its target price dropped by investment analysts at Barrington Research from $5.00 to $3.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 304.86% from the company’s current price.

A number of other research firms also recently weighed in on ZSPC. Wall Street Zen downgraded shares of zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. Finally, Roth Capital restated a “buy” rating and issued a $5.00 price objective (down from $12.00) on shares of zSpace in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

zSpace Stock Performance

Shares of zSpace stock traded up $0.02 on Friday, hitting $0.74. The company had a trading volume of 417,421 shares, compared to its average volume of 376,700. The stock has a market capitalization of $17.81 million and a price-to-earnings ratio of -1.40. zSpace has a 1 year low of $0.63 and a 1 year high of $32.69. The stock has a 50 day moving average of $1.19 and a 200-day moving average of $3.00.

zSpace (NASDAQ:ZSPC) last released its earnings results on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The firm had revenue of $8.79 million during the quarter, compared to the consensus estimate of $8.43 million.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. XTX Topco Ltd bought a new position in zSpace, Inc (NASDAQ:ZSPC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned approximately 0.05% of zSpace at the end of the most recent reporting period.

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.