The Glimpse Group (NASDAQ:VRAR) Price Target Lowered to $2.62 at Westpark Capital

The Glimpse Group (NASDAQ:VRAR) had its target price dropped by stock analysts at Westpark Capital from $4.67 to $2.62 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Westpark Capital’s price target would indicate a potential upside of 154.37% from the stock’s previous close.

The Glimpse Group Stock Performance

NASDAQ:VRAR opened at $1.03 on Tuesday. The Glimpse Group has a 52 week low of $0.50 and a 52 week high of $7.00. The firm’s fifty day moving average is $1.43 and its 200-day moving average is $1.36. The firm has a market cap of $21.68 million, a P/E ratio of -2.64 and a beta of 1.09.

Hedge Funds Weigh In On The Glimpse Group

Institutional investors and hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC bought a new stake in shares of The Glimpse Group in the 4th quarter valued at $125,000. Virtu Financial LLC bought a new stake in The Glimpse Group in the fourth quarter valued at $144,000. Geode Capital Management LLC increased its stake in The Glimpse Group by 22.2% in the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock valued at $388,000 after purchasing an additional 28,555 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of The Glimpse Group during the fourth quarter valued at about $339,000. 21.41% of the stock is currently owned by institutional investors.

The Glimpse Group Company Profile

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.