The Glimpse Group’s (VRAR) “Buy” Rating Reaffirmed at Westpark Capital

Westpark Capital reissued their buy rating on shares of The Glimpse Group (NASDAQ:VRAR) in a research report released on Friday morning,Benzinga reports. The firm currently has a $4.67 price objective on the stock.

The Glimpse Group Stock Performance

Shares of NASDAQ:VRAR opened at $1.74 on Friday. The Glimpse Group has a 52-week low of $0.50 and a 52-week high of $7.00. The stock’s fifty day simple moving average is $2.13 and its 200-day simple moving average is $1.24.

Hedge Funds Weigh In On The Glimpse Group

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in The Glimpse Group by 22.2% during the fourth quarter. Geode Capital Management LLC now owns 156,896 shares of the company’s stock worth $388,000 after buying an additional 28,555 shares during the period. Bleakley Financial Group LLC purchased a new position in The Glimpse Group during the fourth quarter worth about $125,000. Virtu Financial LLC purchased a new position in The Glimpse Group during the fourth quarter worth about $144,000. Finally, Jane Street Group LLC purchased a new position in The Glimpse Group during the fourth quarter worth about $339,000. 21.41% of the stock is currently owned by hedge funds and other 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.