zSpace (NASDAQ:ZSPC) Upgraded to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of zSpace (NASDAQ:ZSPC) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Northland Securities upgraded shares of zSpace from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $20.00 to $10.00 in a research note on Monday. Roth Capital set a $20.00 target price on zSpace in a research report on Monday, February 3rd. Barrington Research reissued an “outperform” rating and issued a $11.00 target price (down from $18.00) on shares of zSpace in a research report on Monday. Finally, Roth Mkm initiated coverage on zSpace in a research note on Monday, February 3rd. They set a “buy” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.25.

zSpace Price Performance

Shares of ZSPC opened at $8.78 on Monday. zSpace has a 52-week low of $5.25 and a 52-week high of $32.69. The company has a 50 day simple moving average of $14.00.

Institutional Investors Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Jane Street Group LLC bought a new stake in shares of zSpace, Inc. (NASDAQ:ZSPC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,621 shares of the company’s stock, valued at approximately $359,000. Jane Street Group LLC owned 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.