The Glimpse Group’s (VRAR) Buy Rating Reiterated at Westpark Capital

Westpark Capital reissued their buy rating on shares of The Glimpse Group (NASDAQ:VRAR) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $2.62 price objective on the stock.

The Glimpse Group Price Performance

VRAR stock opened at $1.54 on Wednesday. The company’s 50 day simple moving average is $1.43 and its 200-day simple moving average is $1.47. The firm has a market capitalization of $32.43 million, a PE ratio of -4.16 and a beta of 1.16. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $7.00.

The Glimpse Group (NASDAQ:VRAR) last announced its earnings results on Thursday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The Glimpse Group had a negative return on equity of 45.44% and a negative net margin of 74.05%. The firm had revenue of $1.42 million for the quarter, compared to analyst estimates of $1.50 million.

Institutional Trading of The Glimpse Group

A number of hedge funds have recently bought and sold shares of VRAR. Virtu Financial LLC acquired a new stake in The Glimpse Group during the fourth quarter worth approximately $144,000. Jane Street Group LLC acquired a new position in shares of The Glimpse Group in the 4th quarter valued at $339,000. Finally, Geode Capital Management LLC boosted its holdings in shares of The Glimpse Group by 22.2% in the 4th quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after purchasing an additional 28,555 shares during the last quarter. Institutional investors and hedge funds 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.