zSpace (NASDAQ:ZSPC) Trading Up 8.5% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Northland Securities initiated coverage on shares of zSpace in a research note on Thursday. They issued a “market perform” rating on the stock. Roth Mkm began coverage on zSpace in a report on Monday, February 3rd. They set a “buy” rating and a $20.00 target price on the stock. Finally, Roth Capital upgraded zSpace to a “strong-buy” rating in a research note on Monday, February 3rd.

zSpace Trading Up 24.5 %

The firm has a fifty day simple moving average of $14.18.

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Jane Street Group LLC purchased a new position in zSpace, Inc. (NASDAQ:ZSPC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,621 shares of the company’s stock, valued at approximately $359,000. Jane Street Group LLC owned 0.10% of zSpace as of its most recent SEC filing.

zSpace Company Profile

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.