Northland Capmk Downgrades zSpace (NASDAQ:ZSPC) to Hold

zSpace (NASDAQ:ZSPC) was downgraded by investment analysts at Northland Capmk from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

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

zSpace Stock Up 3.3%

ZSPC traded up $0.02 during trading on Friday, reaching $0.74. The company had a trading volume of 494,809 shares, compared to its average volume of 561,830. zSpace has a 52 week low of $0.63 and a 52 week high of $32.69. The stock has a market cap of $17.88 million and a P/E ratio of -1.40. The business has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $2.94.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The company had revenue of $8.79 million for the quarter, compared to analysts’ expectations of $8.43 million.

Institutional Investors Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. bought a new stake in shares of zSpace, Inc (NASDAQ:ZSPC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned approximately 0.10% of zSpace at the end of the most recent reporting period.

About zSpace

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.