The Glimpse Group (NASDAQ:VRAR) Posts Earnings Results, Meets Expectations

The Glimpse Group (NASDAQ:VRAR) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06), Zacks reports. The business had revenue of $1.40 million during the quarter, compared to the consensus estimate of $1.50 million. The Glimpse Group had a negative return on equity of 16.60% and a negative net margin of 27.10%.

The Glimpse Group Stock Performance

Shares of VRAR opened at $1.09 on Tuesday. The stock has a market capitalization of $22.98 million, a P/E ratio of -9.08 and a beta of 1.17. The company’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.46. The Glimpse Group has a 1 year low of $0.57 and a 1 year high of $7.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS purchased a new position in shares of The Glimpse Group during the 3rd quarter worth approximately $105,000. Susquehanna International Group LLP grew its holdings in 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 acquiring an additional 56,303 shares during the period. XTX Topco Ltd purchased a new position in The Glimpse Group in the second quarter worth $46,000. Virtu Financial LLC acquired a new stake in The Glimpse Group in the third quarter valued at $36,000. Finally, GSA Capital Partners LLP boosted its position 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 purchasing an additional 11,727 shares in the last quarter. 21.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of The Glimpse Group in a research report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.62.

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.