zSpace's (NASDAQ:ZSPC - Get Free Report) lock-up period is set to expire on Tuesday, June 3rd. zSpace had issued 1,875,000 shares in its initial public offering on December 5th. The total size of the offering was $9,375,000 based on an initial share price of $5.00. After the end of zSpace's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Analyst Ratings Changes
A number of equities analysts recently issued reports on ZSPC shares. Northland Securities upgraded zSpace from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $20.00 to $10.00 in a report on Monday, March 31st. Roth Mkm started coverage on zSpace in a report on Monday, February 3rd. They issued a "buy" rating and a $20.00 target price on the stock. Northland Capmk upgraded zSpace from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Roth Capital set a $20.00 target price on zSpace in a report on Monday, February 3rd. Finally, Barrington Research dropped their price objective on zSpace from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.00.
Check Out Our Latest Analysis on zSpace
zSpace Trading Up 0.9%
NASDAQ:ZSPC traded up $0.04 during trading hours on Thursday, hitting $4.72. 19,543 shares of the company traded hands, compared to its average volume of 67,292. The business's 50-day simple moving average is $8.15. zSpace has a one year low of $4.50 and a one year high of $32.69.
zSpace (NASDAQ:ZSPC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $6.76 million during the quarter, compared to analyst estimates of $5.03 million.
Institutional Investors Weigh In On zSpace
A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC bought a new stake in shares of zSpace, Inc. (NASDAQ:ZSPC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,621 shares of the company's stock, valued at approximately $359,000. Jane Street Group LLC owned about 0.10% of zSpace at the end of the most recent reporting period.
About zSpace
(
Get Free Report)
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.
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