The Glimpse Group (NASDAQ:VRAR) Posts Quarterly Earnings Results

The Glimpse Group (NASDAQ:VRAR) posted its quarterly earnings data on Tuesday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The company had revenue of $1.30 million for the quarter. The Glimpse Group had a negative return on equity of 24.47% and a negative net margin of 50.18%.

The Glimpse Group Trading Up 2.0%

VRAR opened at $0.67 on Thursday. The Glimpse Group has a 12 month low of $0.63 and a 12 month high of $1.85. The business’s 50-day moving average price is $0.94 and its 200-day moving average price is $1.25. The company has a market cap of $14.19 million, a P/E ratio of -3.74 and a beta of 1.21.

Institutional Trading of The Glimpse Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd grew its holdings in The Glimpse Group by 232.9% in the 4th quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock worth $74,000 after acquiring an additional 55,652 shares during the last quarter. Susquehanna International Group LLP raised its holdings in The Glimpse Group by 250.4% in 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. DNB Asset Management AS bought a new position in The Glimpse Group during the third quarter valued at approximately $105,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in The Glimpse Group in the 4th quarter worth about $56,000. Finally, GSA Capital Partners LLP increased its stake in shares of The Glimpse Group by 78.4% during the third quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock valued at $44,000 after buying an additional 11,727 shares during the period. Institutional investors own 21.41% of the company’s stock.

Wall Street Analyst Weigh In

VRAR has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of The Glimpse Group in a research report on Monday, December 29th. Westpark Capital reissued a “buy” rating and issued a $2.62 price objective on shares of The Glimpse Group in a report on Thursday, December 18th. Finally, Wall Street Zen cut The Glimpse Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One equities 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 stock presently has an average rating of “Hold” and a consensus target price of $2.62.

The Glimpse Group Company Profile

The Glimpse Group, Inc (NASDAQ: VRAR) is a publicly traded holding company focused on the development and deployment of augmented reality (AR) and virtual reality (VR) software and services. Headquartered in New York City, the company operates through a network of wholly owned subsidiaries that specialize in immersive content creation, proprietary platform development, and enterprise-grade XR (extended reality) solutions. Glimpse Group’s core mission is to accelerate adoption of digital reality technologies across business, education, healthcare, entertainment, and marketing sectors.

Through its portfolio companies, the Glimpse Group delivers end-to-end services that span strategy, design, development and deployment of AR/VR applications.