zSpace (NASDAQ:ZSPC) Shares Up 1% - What's Next?

zSpace, Inc (NASDAQ:ZSPC - Get Free Report)'s share price traded up 1% during trading on Tuesday . The company traded as high as $2.95 and last traded at $2.89. 40,970 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 62,730 shares. The stock had previously closed at $2.86.

Analyst Upgrades and Downgrades

ZSPC has been the topic of several analyst reports. Northland Capmk upgraded zSpace from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Barrington Research dropped their target price on zSpace from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Finally, Northland Securities upgraded zSpace from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $20.00 to $10.00 in a report on Monday, March 31st. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, zSpace currently has an average rating of "Buy" and an average target price of $15.00.

zSpace Trading Down 11.7%

The business has a 50 day simple moving average of $3.87 and a two-hundred day simple moving average of $9.11.

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 analysts' consensus estimates of ($0.17) by ($0.09). The business had revenue of $6.76 million during the quarter, compared to analysts' expectations of $5.03 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in zSpace stock. Jane Street Group LLC acquired a new stake in shares of zSpace, Inc (NASDAQ:ZSPC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,621 shares of the company's stock, valued at approximately $359,000. Jane Street Group LLC owned 0.10% of zSpace at the end of the most recent reporting period.

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.