zSpace (NASDAQ:ZSPC) Receives Buy Rating from Roth Capital

Key Points

• Roth Capital has reiterated zSpace's (NASDAQ:ZSPC) "buy" rating, with a revised target price of $5.00, significantly lower than the previous target of $12.00, suggesting a potential upside of 123.21% from its last close.
• Barrington Research also lowered its target price for zSpace from $10.00 to $5.00 while maintaining an "outperform" rating, highlighting a consensus average "buy" rating among analysts.
• zSpace reported a quarterly earnings miss with an EPS of ($0.27), falling short of the estimated ($0.16), and had a revenue of $7.46 million, slightly below analyst expectations.

Roth Capital reissued their buy rating on shares of zSpace (NASDAQ:ZSPC - Free Report) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $5.00 price target on the stock, down from their previous price target of $12.00.

Separately, Barrington Research dropped their target price on zSpace from $10.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $10.00.

zSpace Price Performance

Shares of ZSPC traded down $0.03 during trading hours on Friday, reaching $2.14. The company's stock had a trading volume of 25,781 shares, compared to its average volume of 126,694. zSpace has a 1-year low of $1.97 and a 1-year high of $32.69. The company has a 50 day moving average of $2.92 and a two-hundred day moving average of $7.70.

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

Institutional Investors Weigh In On zSpace

A number of large investors have recently added to or reduced their stakes in ZSPC. Invesco Ltd. bought a new stake in zSpace during the first quarter worth approximately $170,000. Jane Street Group LLC bought a new stake in zSpace during the fourth quarter worth approximately $359,000. Finally, XTX Topco Ltd bought a new stake in zSpace during the second quarter worth approximately $39,000.

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.