zSpace, Inc (NASDAQ:ZSPC) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• zSpace, Inc (NASDAQ:ZSPC) has received a consensus recommendation of "Buy" from five research firms, with four analysts rating the stock as a buy and one as a strong buy.
• The average target price among analysts has decreased from $10.00 to $5.00, following recent downgrades from various brokerages, including Barrington Research and Roth Capital.
• In its latest quarterly earnings report, zSpace missed analysts' estimates with an earnings per share of ($0.27) and revenue of $7.46 million, lower than the expected $7.59 million.

zSpace, Inc (NASDAQ:ZSPC - Get Free Report) has been assigned an average rating of "Buy" from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.00.

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of zSpace from a "hold" rating to a "sell" rating in a report on Saturday. Barrington Research cut their price target on shares of zSpace from $10.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Roth Capital reiterated a "buy" rating and issued a $5.00 target price (down previously from $12.00) on shares of zSpace in a report on Friday.

zSpace Stock Down 11.8%

ZSPC stock traded down $0.30 during midday trading on Friday, reaching $2.24. The company had a trading volume of 175,713 shares, compared to its average volume of 124,855. zSpace has a 1 year low of $1.97 and a 1 year high of $32.69. The company has a 50 day moving average of $3.04 and a two-hundred day moving average of $7.88.

zSpace (NASDAQ:ZSPC - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.11). The firm had revenue of $7.46 million for the quarter, compared to analyst estimates of $7.59 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in zSpace in the 4th quarter worth $359,000. XTX Topco Ltd acquired a new stake in zSpace in the 2nd quarter worth $39,000. Finally, Invesco Ltd. acquired a new stake in zSpace in the 1st quarter worth $170,000.

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.