zSpace (NASDAQ:ZSPC) Trading Up 8.5% – Time to Buy?

zSpace, Inc. (NASDAQ:ZSPC)’s stock price shot up 8.5% during trading on Thursday . The company traded as high as $24.88 and last traded at $23.00. 43,514 shares changed hands during trading, a decline of 57% from the average session volume of 100,540 shares. The stock had previously closed at $21.20.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZSPC. Roth Mkm started 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. Roth Capital upgraded shares of zSpace to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Northland Securities started coverage on shares of zSpace in a research note on Thursday. They set a “market perform” rating for the company.

zSpace Trading Up 24.5 %

The company has a 50-day simple moving average of $14.18.

Institutional Trading of zSpace

A hedge fund recently bought a new stake in zSpace stock. Jane Street Group LLC bought a new stake in zSpace, Inc. (NASDAQ:ZSPC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 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.