zSpace, Inc (NASDAQ:ZSPC) Receives $10.00 Consensus Price Target from Brokerages

zSpace, Inc (NASDAQ:ZSPC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of research firms recently commented on ZSPC. 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. Barrington Research reaffirmed an “outperform” rating and set a $5.00 price objective on shares of zSpace in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of zSpace from a “hold” rating to a “sell” rating in a report on Saturday.

zSpace Price Performance

NASDAQ:ZSPC opened at $0.92 on Thursday. The company has a market cap of $22.02 million and a P/E ratio of -1.73. The stock’s fifty day moving average price is $1.39 and its two-hundred day moving average price is $3.38. zSpace has a 1 year low of $0.87 and a 1 year high of $32.69.

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

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Invesco Ltd. purchased a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned approximately 0.10% of zSpace as of its most recent SEC filing.

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.