Brightline Interactive (NASDAQ:BTLN) Announces Quarterly Earnings Results

Brightline Interactive (NASDAQ:BTLN) released its earnings results on Thursday. The company reported ($0.53) earnings per share for the quarter, FiscalAI reports. Brightline Interactive had a negative net margin of 218.88% and a negative return on equity of 65.03%.

Brightline Interactive Stock Performance

Shares of Brightline Interactive stock traded down $0.01 during trading hours on Thursday, reaching $3.90. 22,704 shares of the company were exchanged, compared to its average volume of 29,921. Brightline Interactive has a 1 year low of $2.84 and a 1 year high of $11.08. The stock’s fifty day moving average is $4.97 and its 200 day moving average is $5.67. The firm has a market cap of $11.45 million, a PE ratio of -0.69 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in Brightline Interactive in the 2nd quarter valued at about $31,000. Valeo Financial Advisors LLC acquired a new position in shares of Brightline Interactive during the second quarter worth about $62,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Brightline Interactive during the second quarter worth about $192,000. 21.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Brightline Interactive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.96.

About Brightline Interactive

The Glimpse Group, Inc. is a diversified virtual reality and augmented reality technology company that develops, commercializes and invests in immersive technology businesses. Through its subsidiaries, the company provides software, hardware and professional services designed to help organizations use virtual, augmented and mixed reality in business operations, training, education, marketing and other applications. The company’s portfolio has included businesses focused on enterprise solutions, immersive content, virtual events, 3D visualization, digital twins and related technologies.