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

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

Wall Street Analyst Weigh In

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

zSpace Trading Down 2.8%

The company has a 50-day moving average of $5.82 and a 200-day moving average of $10.18.

zSpace (NASDAQ:ZSPC - Get Free Report) last announced its 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 company had revenue of $6.76 million during the quarter, compared to analyst estimates of $5.03 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC bought a new position 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 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.