The Glimpse Group (NASDAQ:VRAR) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of The Glimpse Group (NASDAQ:VRAR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Glimpse Group in a research report on Monday, November 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The Glimpse Group currently has a consensus rating of “Hold” and an average target price of $2.62.

The Glimpse Group Stock Up 5.9%

Shares of NASDAQ VRAR opened at $1.08 on Friday. The company’s fifty day moving average is $1.50 and its 200-day moving average is $1.45. The stock has a market cap of $22.77 million, a price-to-earnings ratio of -9.00 and a beta of 1.17. The Glimpse Group has a twelve month low of $0.60 and a twelve month high of $7.00.

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

Institutional Trading of The Glimpse Group

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its stake in shares of The Glimpse Group by 78.4% during the 3rd quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock worth $44,000 after acquiring an additional 11,727 shares during the period. Virtu Financial LLC bought a new stake in The Glimpse Group in the 3rd quarter valued at $36,000. XTX Topco Ltd acquired a new stake in shares of The Glimpse Group during the second quarter worth $46,000. Susquehanna International Group LLP boosted its position in shares of 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 during the period. Finally, DNB Asset Management AS acquired a new position in shares of The Glimpse Group in the third quarter valued at about $105,000. 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.