zSpace, Inc (NASDAQ:ZSPC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of zSpace, Inc (NASDAQ:ZSPC) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.50.

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. Wall Street Zen lowered zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Barrington Research cut their price objective on zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, Northland Capmk lowered zSpace from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th.

Institutional Trading of zSpace

An institutional investor recently bought a new position in zSpace stock. Millennium Management LLC bought a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,148 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.09% of zSpace as of its most recent SEC filing.

zSpace Price Performance

ZSPC opened at $0.55 on Tuesday. zSpace has a 1 year low of $0.36 and a 1 year high of $26.79. The company has a market capitalization of $16.10 million and a price-to-earnings ratio of -0.70. The firm’s fifty day moving average price is $0.52 and its two-hundred day moving average price is $1.40.

zSpace (NASDAQ:ZSPC) last released 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 the consensus estimate of $8.43 million.

About zSpace

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.