zSpace’s (ZSPC) “Market Perform” Rating Reaffirmed at Barrington Research

zSpace (NASDAQ:ZSPC)‘s stock had its “market perform” rating restated by equities researchers at Barrington Research in a report released on Monday,Benzinga reports.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered zSpace to a “strong sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $100.00.

zSpace Stock Down 6.4%

Shares of ZSPC stock traded down $0.01 during mid-day trading on Monday, hitting $0.18. 136,606 shares of the stock were exchanged, compared to its average volume of 869,311. The firm has a fifty day moving average of $2.33 and a 200 day moving average of $8.98. zSpace has a 52-week low of $0.09 and a 52-week high of $166.64. The company has a market cap of $554,921.40, a PE ratio of -0.01 and a beta of -1.94.

Insider Activity

In other zSpace news, major shareholder Aqr Capital Management Holding acquired 34,428 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of $1.75 per share, with a total value of $60,249.00. Following the transaction, the insider owned 190,257 shares of the company’s stock, valued at $332,949.75. This trade represents a 22.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 1,945 shares of company stock valued at $3,407. 8.70% of the stock is owned by company insiders.

Institutional Trading of zSpace

A number of hedge funds and other institutional investors have recently modified their holdings of ZSPC. XTX Topco Ltd purchased a new position in zSpace during the 2nd quarter valued at about $39,000. Millennium Management LLC purchased a new position in zSpace during the 3rd quarter valued at about $25,000. AQR Capital Management LLC purchased a new position in zSpace during the 4th quarter valued at about $25,000. HRT Financial LP purchased a new position in zSpace during the 4th quarter valued at about $27,000. Finally, Geode Capital Management LLC boosted its holdings in zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock valued at $56,000 after acquiring an additional 68,150 shares during the period.

zSpace Company Profile

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.