zSpace (NASDAQ:ZSPC) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

zSpace (NASDAQ:ZSPC) posted its quarterly earnings results on Monday. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10), FiscalAI reports. The business had revenue of $4.85 million for the quarter, compared to the consensus estimate of $6.20 million.

zSpace Stock Performance

Shares of NASDAQ:ZSPC traded down $0.01 during trading on Monday, reaching $0.11. 1,950,298 shares of the stock were exchanged, compared to its average volume of 1,285,337. The firm’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.64. The firm has a market cap of $3.77 million, a price-to-earnings ratio of -0.14 and a beta of -0.25. zSpace has a 12-month low of $0.10 and a 12-month high of $10.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in zSpace during the 4th quarter valued at $57,000. Geode Capital Management LLC lifted its holdings in zSpace by 134.0% in the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after buying an additional 68,150 shares in the last quarter. XTX Topco Ltd purchased a new position in zSpace in the 4th quarter valued at about $30,000. HRT Financial LP acquired a new stake in shares of zSpace during the fourth quarter valued at about $27,000. Finally, AQR Capital Management LLC acquired a new stake in shares of zSpace during the fourth quarter valued at about $25,000.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.