zSpace (NASDAQ:ZSPC) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

zSpace (NASDAQ:ZSPC) announced its quarterly earnings data on Wednesday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09), Zacks reports.

zSpace Trading Down 7.0%

Shares of NASDAQ ZSPC opened at $7.06 on Thursday. The stock’s 50 day moving average is $9.03. zSpace has a 1-year low of $5.25 and a 1-year high of $32.69.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZSPC. Northland Securities upgraded zSpace from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $20.00 to $10.00 in a research report on Monday, March 31st. Roth Capital set a $20.00 target price on zSpace in a research report on Monday, February 3rd. Roth Mkm began coverage on zSpace in a research report on Monday, February 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Northland Capmk upgraded zSpace from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Finally, Barrington Research reissued an “outperform” rating and set a $11.00 price objective (down from $18.00) on shares of zSpace in a research note on Monday, March 31st. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, zSpace presently has an average rating of “Buy” and a consensus price target of $15.25.

About zSpace

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.