zSpace, Inc.’s (NASDAQ:ZSPC) Lock-Up Period Will Expire Tomorrow

zSpace’s (NASDAQ:ZSPC) lock-up period is set to end on Tuesday, June 3rd. zSpace had issued 1,875,000 shares in its public offering on December 5th. The total size of the offering was $9,375,000 based on an initial share price of $5.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZSPC. Barrington Research cut their price target on zSpace from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. Northland Capmk upgraded zSpace from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Roth Mkm started coverage on zSpace in a report on Monday, February 3rd. They issued a “buy” rating and a $20.00 target price for the company. Roth Capital set a $20.00 target price on zSpace in a report on Monday, February 3rd. Finally, Northland Securities upgraded zSpace from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $20.00 to $10.00 in a report on Monday, March 31st. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, zSpace has an average rating of “Buy” and an average target price of $15.00.

zSpace Price Performance

Shares of ZSPC stock opened at $4.39 on Monday. zSpace has a 52-week low of $4.27 and a 52-week high of $32.69. The business’s 50 day simple moving average is $7.90.

zSpace (NASDAQ:ZSPC) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The company had revenue of $6.76 million during the quarter, compared to analysts’ expectations of $5.03 million.

Institutional Investors Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. purchased a new position in shares of zSpace, Inc. (NASDAQ:ZSPC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned about 0.10% of zSpace as of its most recent filing with the Securities and Exchange Commission.

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.