zSpace's (ZSPC) Buy Rating Reiterated at 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.

zSpace (NASDAQ:ZSPC - Get Free Report)'s stock had its "buy" rating restated by Roth Capital in a research note issued on Friday,Benzinga reports. They currently have a $5.00 target price on the stock, down from their prior target price of $12.00. Roth Capital's price target suggests a potential upside of 123.21% from the company's previous close.

Separately, Barrington Research lowered their target price on shares of zSpace from $10.00 to $5.00 and set an "outperform" rating for the company in a report on Friday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, zSpace currently has an average rating of "Buy" and a consensus price target of $10.00.

zSpace Stock Performance

ZSPC traded down $0.30 on Friday, hitting $2.24. The company had a trading volume of 133,134 shares, compared to its average volume of 71,937. zSpace has a 52-week low of $1.97 and a 52-week high of $32.69. The stock has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $8.08.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of zSpace during the 2nd quarter valued at $39,000. Jane Street Group LLC purchased a new position in shares of zSpace during the 4th quarter valued at $359,000. Finally, Invesco Ltd. purchased a new position in shares of zSpace during the 1st quarter valued at $170,000.

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.

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