zSpace (NASDAQ:ZSPC) Raised to Outperform at Northland Securities

Northland Securities upgraded shares of zSpace (NASDAQ:ZSPC) from a market perform rating to an outperform rating in a research report released on Monday morning, Marketbeat reports. The firm currently has $10.00 target price on the stock, down from their prior target price of $20.00.

A number of other equities research analysts have also recently weighed in on the company. Barrington Research started coverage on zSpace in a research note on Monday, March 3rd. They issued an “outperform” rating and a $18.00 price objective for the company. Northland Capmk upgraded shares of zSpace to a “hold” rating in a research note on Wednesday, February 19th. Roth Capital set a $20.00 price objective on shares of zSpace in a research note on Monday, February 3rd. Finally, Roth Mkm started coverage on shares of zSpace in a report on Monday, February 3rd. They issued a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $15.25.

zSpace Price Performance

zSpace stock opened at $7.41 on Monday. zSpace has a fifty-two week low of $5.25 and a fifty-two week high of $32.69. The firm has a 50 day moving average of $14.20.

Institutional Investors Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC bought a new position in shares of zSpace, Inc. (NASDAQ:ZSPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,621 shares of the company’s stock, valued at approximately $359,000. Jane Street Group LLC owned 0.10% of zSpace as of its most recent filing with the Securities and Exchange Commission (SEC).

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.