Glimpse Group assumed with a Buy at EF Hutton

EF Hutton analyst Michael Albanese assumed coverage of Glimpse Group with a Buy rating and $7 price target. The company operates a multi-asset virtual reality and augmented reality, or VR/AR, platform with 14 unique and wholly-owned software and service subsidiaries, Albanese noted. He calls Glimpse "one of the largest independent VR/AR software and services providers" and argues for the stock as a way for investors to "gain direct exposure to a multitude of VR/AR technologies without making a disproportionate bet on any single technology."