zSpace (NASDAQ:ZSPC) Stock Price Down 4.1% – Should You Sell?

zSpace, Inc (NASDAQ:ZSPC) was down 4.1% during trading on Thursday . The stock traded as low as $0.3174 and last traded at $0.3384. Approximately 542,996 shares traded hands during trading, a decline of 30% from the average daily volume of 773,437 shares. The stock had previously closed at $0.3530.

Analysts Set New Price Targets

ZSPC has been the topic of a number of recent research reports. Northland Securities lowered zSpace from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, January 21st. Barrington Research dropped their price target on zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Wall Street Zen downgraded zSpace from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

zSpace Stock Down 4.1%

The firm has a 50 day moving average of $0.49 and a 200 day moving average of $1.20. The firm has a market cap of $9.83 million, a PE ratio of -0.43 and a beta of -0.55.

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

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Millennium Management LLC purchased a new stake in zSpace, Inc (NASDAQ:ZSPC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,148 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.09% of zSpace as of its most recent SEC filing.

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.