- EF Hutton analyst Ben Piggott had a chance to catch up with The Glimpse Group, Inc (NASDAQ:VRAR) management following its recent announcement of two significant acquisitions: Brightline and PulpoAR.
- Piggott continues to believe that the company is doing an excellent job of methodically building its platform without making a disproportionate bet on any technology while maintaining a conservative balance sheet.
- Piggott adjusted estimates to incorporate these transactions and slightly reduced the price target to $12 from $14 to consider the broader multiple compression across the technology industry.
- Price Action: VRAR shares traded lower by 7.75% at $3.57 on the last check Monday.
Zendesk, CalAmp, + 20 Stocks Moving In Friday’s Pre-Market Session
Gainers
ToughBuilt Industries, Inc. (NASDAQ: TBLT) rose 58% to $2.75 in pre-market trading after jumping 26% on Thursday. ToughBuilt Industries reported closing of $6 million public offering.
