zSpace (NASDAQ:ZSPC) Shares Gap Down – Should You Sell?

zSpace, Inc. (NASDAQ:ZSPC) gapped down before the market opened on Friday . The stock had previously closed at $23.96, but opened at $22.67. zSpace shares last traded at $22.18, with a volume of 22,358 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZSPC. Northland Securities started coverage on shares of zSpace in a research note on Thursday. They issued a “market perform” rating on the stock. Northland Capmk upgraded shares of zSpace to a “hold” rating in a research report on Wednesday. Roth Capital set a $20.00 target price on shares of zSpace in a research note on Monday, February 3rd. Finally, Roth Mkm started coverage on zSpace in a research note on Monday, February 3rd. They issued a “buy” rating and a $20.00 price target for the company.

zSpace Price Performance

The company’s 50 day moving average is $14.56.

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Jane Street Group LLC acquired a new stake in zSpace, Inc. (NASDAQ:ZSPC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

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.