Barrington Research Cuts zSpace (NASDAQ:ZSPC) Price Target to $3.00

zSpace (NASDAQ:ZSPC) had its target price lowered by Barrington Research from $5.00 to $3.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target would indicate a potential upside of 304.86% from the stock’s previous close.

A number of other analysts have also commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $5.00 target price (down previously from $12.00) on shares of zSpace in a report on Friday, August 15th. Wall Street Zen lowered shares of zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.50.

zSpace Stock Performance

Shares of NASDAQ ZSPC traded up $0.02 during trading on Friday, reaching $0.74. The company had a trading volume of 417,421 shares, compared to its average volume of 376,700. zSpace has a 52 week low of $0.63 and a 52 week high of $32.69. The stock has a market cap of $17.81 million and a PE ratio of -1.40. The business’s 50 day moving average price is $1.19 and its 200-day moving average price is $3.00.

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

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. XTX Topco Ltd acquired a new stake in zSpace, Inc (NASDAQ:ZSPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned about 0.05% of zSpace at the end of the most recent reporting period.

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.