Barrington Research Issues Pessimistic Forecast for zSpace (NASDAQ:ZSPC) Stock Price

zSpace (NASDAQ:ZSPC) had its target price decreased by investment analysts at Barrington Research from $3.00 to $0.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target would indicate a potential upside of 313.22% from the company’s previous close.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

zSpace Price Performance

NASDAQ:ZSPC traded up $0.01 during trading hours on Tuesday, hitting $0.12. The company had a trading volume of 933,404 shares, compared to its average volume of 1,280,351. The stock has a 50-day moving average price of $0.29 and a 200 day moving average price of $0.63. The company has a market capitalization of $4.03 million, a PE ratio of -0.15 and a beta of -0.23. zSpace has a 52 week low of $0.10 and a 52 week high of $10.66.

zSpace (NASDAQ:ZSPC) last posted its earnings results on Monday, March 30th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). The business had revenue of $4.85 million during the quarter, compared to analysts’ expectations of $6.20 million.

Hedge Funds Weigh In On zSpace

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of zSpace during the 2nd quarter valued at about $39,000. Millennium Management LLC bought a new stake in zSpace during the 3rd quarter worth approximately $25,000. Geode Capital Management LLC raised its stake in zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after acquiring an additional 68,150 shares during the period. HRT Financial LP purchased a new position in zSpace during the fourth quarter valued at approximately $27,000. Finally, Jane Street Group LLC purchased a new position in zSpace during the fourth quarter valued at approximately $57,000.

zSpace Company Profile

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.