Bleakley Financial Group LLC Buys New Holdings in The Glimpse Group, Inc. (NASDAQ:VRAR)

Bleakley Financial Group LLC bought a new stake in The Glimpse Group, Inc. (NASDAQ:VRAR – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 45,943 shares of the company’s stock, valued at approximately $139,000. Bleakley Financial Group LLC owned about 0.34% of The Glimpse Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ProShare Advisors LLC acquired a new stake in shares of The Glimpse Group during the first quarter valued at about $193,000. State Street Corp bought a new stake in shares of The Glimpse Group in the 1st quarter worth approximately $77,000. Bank of America Corp DE acquired a new stake in shares of The Glimpse Group in the 1st quarter worth about $46,000. Northern Trust Corp acquired a new stake in shares of The Glimpse Group in the 2nd quarter worth about $46,000. Finally, Renaissance Technologies LLC bought a new position in The Glimpse Group in the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 8.29% of the company’s stock.

The Glimpse Group Trading Up 1.0 %

Shares of VRAR opened at $4.07 on Thursday. The business’s 50-day moving average price is $3.98 and its 200 day moving average price is $4.09. The Glimpse Group, Inc. has a 1-year low of $2.50 and a 1-year high of $6.90. The stock has a market capitalization of $57.02 million, a P/E ratio of -7.54 and a beta of 1.98.

The Glimpse Group (NASDAQ:VRAR – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The Glimpse Group had a negative return on equity of 23.46% and a negative net margin of 59.44%. The firm had revenue of $2.95 million during the quarter.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $7.00 target price on shares of The Glimpse Group in a research report on Thursday, February 16th.

The Glimpse Group Profile

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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; Adept XR Learning, which provides VR/AR solutions for higher education learning and corporate training; PostReality that offers AR presentation tools for design, creation, and collaboration; D6 VR, which provides VR/AR data visualization, data-analysis tools, and collaboration for financial services and other data intensive industries; 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.