zSpace (NASDAQ:ZSPC) Posts Earnings Results, Misses Expectations By $0.06 EPS

zSpace (NASDAQ:ZSPC) released its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06), FiscalAI reports. The firm had revenue of $8.79 million during the quarter, compared to analyst estimates of $8.43 million.

zSpace Stock Up 4.3%

NASDAQ:ZSPC traded up $0.03 on Friday, reaching $0.75. The company’s stock had a trading volume of 366,360 shares, compared to its average volume of 376,222. zSpace has a 12-month low of $0.63 and a 12-month high of $32.69. The firm has a market cap of $18.05 million and a price-to-earnings ratio of -1.42. The stock has a 50 day moving average price of $1.19 and a 200 day moving average price of $3.00.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. XTX Topco Ltd bought a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned 0.05% of zSpace as of its most recent SEC filing.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, October 8th. Wall Street Zen cut zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Barrington Research restated an “outperform” rating and set a $5.00 target price on shares of zSpace in a research report on Tuesday, September 23rd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $5.00 price target (down previously from $12.00) on shares of zSpace in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

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.