zSpace (NASDAQ:ZSPC) Cut to "Sell" at Wall Street Zen

Key Points

• zSpace has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting a declining outlook for the company's stock.
• The company's recent earnings report revealed a loss of ($0.27) per share, which missed analyst expectations, further impacting investor sentiment.
• Despite the downgrade, zSpace has received mixed ratings from analysts, with one sell, four buy, and one strong buy ratings, alongside an average price target of $10.00.

zSpace (NASDAQ:ZSPC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other analysts have also issued research reports about the stock. Barrington Research cut their target price on shares of zSpace from $10.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Roth Capital restated a "buy" rating and issued a $5.00 target price (down previously from $12.00) on shares of zSpace in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $10.00.

zSpace Stock Down 1.4%

zSpace stock traded down $0.03 during trading hours on Friday, hitting $2.14. The company had a trading volume of 25,781 shares, compared to its average volume of 126,694. zSpace has a one year low of $1.97 and a one year high of $32.69. The firm has a 50-day moving average of $2.92 and a 200 day moving average of $7.70.

zSpace (NASDAQ:ZSPC - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.11). The firm had revenue of $7.46 million for the quarter, compared to the consensus estimate of $7.59 million.

Hedge Funds Weigh In On zSpace

A number of hedge funds have recently bought and sold shares of ZSPC. Jane Street Group LLC bought a new stake in zSpace in the fourth quarter valued at $359,000. XTX Topco Ltd bought a new stake in zSpace in the second quarter valued at $39,000. Finally, Invesco Ltd. bought a new stake in zSpace in the first quarter valued at $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.