zSpace (NASDAQ:ZSPC) Rating Lowered 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 equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued reports about the company. Roth Capital reissued a "buy" rating and issued a $5.00 price target (down from $12.00) on shares of zSpace in a research report on Friday. Barrington Research cut their price objective on zSpace from $10.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, zSpace presently has an average rating of "Moderate Buy" and an average price target of $10.00.

zSpace Trading Down 11.8%

zSpace stock opened at $2.24 on Friday. zSpace has a 12-month low of $1.97 and a 12-month high of $32.69. The firm's fifty day moving average is $3.04 and its 200 day moving average is $8.00.

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

Institutional Investors Weigh In On zSpace

A number of institutional investors have recently made changes to their positions in ZSPC. Invesco Ltd. purchased a new stake in shares of zSpace in the 1st quarter valued at $170,000. Jane Street Group LLC purchased a new position in shares of zSpace in the fourth quarter worth $359,000. Finally, XTX Topco Ltd purchased a new position in shares of zSpace in the second quarter worth $39,000.

About zSpace

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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