zSpace (NASDAQ:ZSPC) Downgraded by Northland Capmk to Hold

Northland Capmk lowered shares of zSpace (NASDAQ:ZSPC) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

A number of other brokerages have also weighed in on ZSPC. Wall Street Zen lowered shares of zSpace from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Roth Capital reissued a “buy” rating and set a $5.00 target price (down previously from $12.00) on shares of zSpace in a report on Friday, August 15th. Barrington Research cut their target price on zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, zSpace currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

zSpace Stock Performance

Shares of NASDAQ:ZSPC traded up $0.02 on Friday, hitting $0.74. The company’s stock had a trading volume of 494,809 shares, compared to its average volume of 561,830. The company has a market capitalization of $17.88 million and a price-to-earnings ratio of -1.40. zSpace has a 12 month low of $0.63 and a 12 month high of $32.69. The stock’s 50-day moving average is $1.17 and its two-hundred day moving average is $2.94.

zSpace (NASDAQ:ZSPC) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.06). The company had revenue of $8.79 million for the quarter, compared to analyst estimates of $8.43 million.

Institutional Trading of zSpace

An institutional investor recently bought a new position in zSpace stock. XTX Topco Ltd purchased a new position in zSpace, Inc (NASDAQ:ZSPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned about 0.05% of zSpace as of its most recent filing with the Securities & Exchange Commission.

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.