The Glimpse Group (NASDAQ:VRAR) Stock Price Down 7.8% – Should You Sell?

The Glimpse Group, Inc. (NASDAQ:VRAR) traded down 7.8% during mid-day trading on Monday . The stock traded as low as $0.9362 and last traded at $0.9401. 172,427 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 92,424 shares. The stock had previously closed at $1.02.

Analyst Upgrades and Downgrades

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

The Glimpse Group Trading Down 7.8%

The stock has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.42. The company has a market cap of $19.82 million, a price-to-earnings ratio of -7.83 and a beta of 1.19.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VRAR. XTX Topco Ltd acquired a new stake in shares of The Glimpse Group during the 2nd quarter worth about $46,000. GSA Capital Partners LLP lifted its stake in shares of The Glimpse Group by 78.4% in the 3rd quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock valued at $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 3rd quarter worth $105,000. Virtu Financial LLC purchased a new stake in The Glimpse Group in the 3rd quarter valued at $36,000. Finally, Susquehanna International Group LLP raised its stake in shares of The Glimpse Group by 250.4% during the 3rd quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock worth $129,000 after purchasing an additional 56,303 shares during the period. 21.41% of the stock is currently owned by institutional investors.

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.