zSpace (NASDAQ:ZSPC) Stock Price Down 6.5% - What's Next?

zSpace, Inc (NASDAQ:ZSPC - Get Free Report) fell 6.5% during mid-day trading on Wednesday . The stock traded as low as $2.76 and last traded at $2.90. 45,579 shares changed hands during trading, an increase of 9% from the average session volume of 41,911 shares. The stock had previously closed at $3.10.

Analyst Ratings Changes

A number of research analysts have commented on ZSPC shares. Northland Capmk raised zSpace from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Northland Securities upgraded zSpace from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $20.00 to $10.00 in a research note on Monday, March 31st. Finally, Barrington Research decreased their price objective on shares of zSpace from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $15.00.

zSpace Trading Up 12.8%

The business has a 50-day moving average price of $6.04 and a two-hundred day moving average price of $10.39.

zSpace (NASDAQ:ZSPC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $6.76 million during the quarter, compared to the consensus estimate of $5.03 million.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. bought a new position in shares of zSpace, Inc (NASDAQ:ZSPC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,930 shares of the company's stock, valued at approximately $170,000. Invesco Ltd. owned 0.10% of zSpace as of its most recent SEC filing.

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.