Northland Securities Upgrades zSpace (NASDAQ:ZSPC) to “Outperform”

zSpace (NASDAQ:ZSPC) was upgraded by investment analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm currently has a $10.00 target price on the stock, down from their prior target price of $20.00. Northland Securities’ price objective suggests a potential upside of 22.10% from the stock’s previous close.

Several other research firms have also commented on ZSPC. Northland Capmk raised shares of zSpace to a “hold” rating in a research note on Wednesday, February 19th. Barrington Research began coverage on shares of zSpace in a research report on Monday, March 3rd. They issued an “outperform” rating and a $18.00 price target for the company. Roth Mkm initiated coverage on shares of zSpace in a research note on Monday, February 3rd. They issued a “buy” rating and a $20.00 price target for the company. Finally, Roth Capital set a $20.00 price objective on zSpace in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, zSpace has an average rating of “Buy” and an average price target of $17.00.

zSpace Price Performance

Shares of zSpace stock opened at $8.19 on Monday. The firm’s 50-day moving average price is $14.32. zSpace has a 12 month low of $5.25 and a 12 month high of $32.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC acquired a new position in shares of zSpace, Inc. (NASDAQ:ZSPC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 22,621 shares of the company’s stock, valued at approximately $359,000. Jane Street Group LLC owned about 0.10% of zSpace at the end of the most recent quarter.

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.