Westpark Capital Reiterates Buy Rating for The Glimpse Group (NASDAQ:VRAR)

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating reiterated by analysts at 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 objective would suggest a potential upside of 158.64% from the stock’s current price.

Several other research analysts have also issued reports on the company. Wall Street Zen lowered The Glimpse Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Glimpse Group in a research report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.62.

The Glimpse Group Price Performance

Shares of NASDAQ:VRAR traded up $0.07 during trading on Thursday, hitting $1.01. 122,187 shares of the company’s stock were exchanged, compared to its average volume of 275,490. The Glimpse Group has a 52-week low of $0.89 and a 52-week high of $7.00. The company has a market cap of $21.35 million, a price-to-earnings ratio of -8.44 and a beta of 1.19. The business’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.42.

The Glimpse Group (NASDAQ:VRAR) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The Glimpse Group had a negative net margin of 27.10% and a negative return on equity of 16.60%. The business had revenue of $1.40 million for the quarter, compared to analysts’ expectations of $1.50 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in The Glimpse Group during the second quarter worth about $46,000. GSA Capital Partners LLP lifted its holdings in The Glimpse Group by 78.4% in the third quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock worth $44,000 after purchasing an additional 11,727 shares during the period. DNB Asset Management AS bought a new position in shares of The Glimpse Group in the third quarter valued at approximately $105,000. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group in the third quarter valued at $36,000. Finally, Susquehanna International Group LLP lifted its stake in The Glimpse Group by 250.4% during the third quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock valued at $129,000 after purchasing an additional 56,303 shares during the last quarter. 21.41% of the stock is currently owned by institutional investors and hedge funds.

About The Glimpse Group

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.