zSpace (NASDAQ:ZSPC) Shares Gap Down – Here’s What Happened

Shares of zSpace, Inc. (NASDAQ:ZSPC) gapped down prior to trading 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 Analyst Weigh In

A number of brokerages recently commented on ZSPC. Roth Capital raised zSpace to a “strong-buy” rating in a research note on Monday, February 3rd. Northland Securities began coverage on zSpace in a research report on Thursday. They set a “market perform” rating for the company. Roth Mkm began coverage on zSpace in a research report on Monday, February 3rd. They set a “buy” rating and a $20.00 price objective for the company. Finally, Northland Capmk raised zSpace to a “hold” rating in a research report on Wednesday.

zSpace Stock Down 18.3 %

The stock has a fifty day moving average price of $14.40.

Institutional Investors Weigh In On zSpace

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

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.