zSpace (NASDAQ:ZSPC) Trading Up 68.1% – Here’s What Happened

zSpace, Inc (NASDAQ:ZSPC) shares shot up 68.1% during mid-day trading on Wednesday . The company traded as high as $0.30 and last traded at $0.2397. 460,356 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 756,613 shares. The stock had previously closed at $0.1426.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barrington Research downgraded zSpace from an “outperform” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of zSpace to a “strong sell” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $100.00.

zSpace Price Performance

The company has a market capitalization of $1.15 million, a PE ratio of -0.01 and a beta of -1.07. The business has a 50-day moving average of $0.82 and a 200 day moving average of $6.43.

Insider Transactions at zSpace

In other news, major shareholder Aqr Capital Management Holding purchased 34,428 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of $1.75 per share, with a total value of $60,249.00. Following the purchase, the insider owned 190,257 shares in the company, valued at approximately $332,949.75. This trade represents a 22.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,945 shares of company stock worth $3,407 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of zSpace during the fourth quarter worth approximately $30,000. AQR Capital Management LLC purchased a new position in zSpace during the 4th quarter worth $25,000. Jane Street Group LLC purchased a new position in zSpace during the 4th quarter worth $57,000. HRT Financial LP purchased a new position in zSpace during the 4th quarter worth $27,000. Finally, Geode Capital Management LLC increased its holdings in zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after purchasing an additional 68,150 shares during the period.

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.