zSpace (NASDAQ:ZSPC) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of zSpace (NASDAQ:ZSPC) from a hold rating to a sell rating in a research note released on Saturday.

Several other research analysts have also issued reports on the company. Barrington Research restated an “outperform” rating and issued a $5.00 price target on shares of zSpace in a research report on Tuesday, September 23rd. Roth Capital reissued a “buy” rating and issued a $5.00 target price (down previously from $12.00) on shares of zSpace in a research note on Friday, August 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. One research 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. According to MarketBeat.com, zSpace currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

zSpace Price Performance

Shares of NASDAQ ZSPC 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 firm has a market capitalization of $22.82 million and a P/E ratio of -1.79. The company’s 50 day simple moving average is $1.41 and its 200 day simple moving average is $3.48.

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

Hedge Funds Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. acquired a new stake in zSpace, Inc (NASDAQ:ZSPC) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned 0.10% of zSpace as of its most recent filing with the SEC.

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.