The Glimpse Group (NASDAQ:VRAR) Trading Down 7.8% – What’s Next?

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

Analysts Set New Price Targets

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

The Glimpse Group Trading Up 4.8%

The firm has a market capitalization of $19.81 million, a PE ratio of -7.83 and a beta of 1.19. The firm’s fifty day moving average price is $1.30 and its 200 day moving average price is $1.42.

The Glimpse Group (NASDAQ:VRAR) last released 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 Investors Weigh In On The Glimpse Group

A number of hedge funds have recently made changes to their positions in VRAR. Virtu Financial LLC acquired a new stake in shares of The Glimpse Group during the third quarter worth approximately $36,000. GSA Capital Partners LLP increased its holdings in The Glimpse Group by 78.4% during 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 in the last quarter. XTX Topco Ltd bought a new position in The Glimpse Group in the 2nd quarter valued at $46,000. DNB Asset Management AS acquired a new position in The Glimpse Group in the third quarter worth $105,000. Finally, Susquehanna International Group LLP grew its holdings in shares of The Glimpse Group by 250.4% during the third 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 last quarter. Institutional investors and hedge funds own 21.41% of the company’s stock.

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.