The Glimpse Group’s (VRAR) “Buy” Rating Reaffirmed at Westpark Capital

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating reaffirmed by Westpark Capital in a note issued to investors on Thursday,Benzinga reports. They presently have a $2.62 target price on the stock. Westpark Capital’s price target indicates a potential upside of 158.64% from the stock’s previous close.

VRAR has been the subject of several other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Glimpse Group in a research report on Monday, December 8th. Wall Street Zen downgraded The Glimpse Group from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.62.

The Glimpse Group Trading Up 7.8%

Shares of The Glimpse Group stock traded up $0.07 on Thursday, reaching $1.01. 122,187 shares of the company were exchanged, compared to its average volume of 275,490. The Glimpse Group has a fifty-two week low of $0.89 and a fifty-two week high of $7.00. The firm has a market capitalization of $21.35 million, a price-to-earnings ratio of -8.44 and a beta of 1.19. The stock has a fifty day moving average price of $1.30 and a 200-day moving average price of $1.42.

The Glimpse Group (NASDAQ:VRAR) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The Glimpse Group had a negative return on equity of 16.60% and a negative net margin of 27.10%.The firm had revenue of $1.40 million during the quarter, compared to analysts’ expectations of $1.50 million.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. DNB Asset Management AS bought a new position in shares of The Glimpse Group during the 3rd quarter valued at about $105,000. Susquehanna International Group LLP boosted its holdings in The Glimpse Group by 250.4% in the third quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock valued at $129,000 after acquiring an additional 56,303 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of The Glimpse Group during the 2nd quarter valued at about $46,000. Virtu Financial LLC purchased a new position in shares of The Glimpse Group in the 3rd quarter valued at approximately $36,000. Finally, GSA Capital Partners LLP lifted its position in The Glimpse Group by 78.4% during the third quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock valued at $44,000 after buying an additional 11,727 shares during the period. Institutional investors own 21.41% of the company’s stock.

The Glimpse Group Company Profile

The Glimpse Group, Inc, a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D interactive digital models and experiences in AR; Immersive Health Group, a VR/AR platform for evidence-based and outcome driven healthcare solutions; and Foretell Reality, a social VR platform for behavioral health, support groups, collaboration, and soft skills training.