Sphere 3D (NASDAQ:ANY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sphere 3D (NASDAQ:ANY) to a sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sphere 3D in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Sphere 3D Stock Down 2.8%

Shares of ANY opened at $1.37 on Friday. Sphere 3D has a twelve month low of $1.08 and a twelve month high of $12.60. The company has a market capitalization of $4.62 million, a P/E ratio of -0.18 and a beta of 3.79. The firm has a 50 day moving average of $1.93 and a 200 day moving average of $4.51.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings data on Friday, March 6th. The technology company reported ($3.27) earnings per share (EPS) for the quarter. The business had revenue of $2.72 million during the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. On average, sell-side analysts expect that Sphere 3D will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd grew its position in Sphere 3D by 51.7% in the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock worth $42,000 after purchasing an additional 24,424 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after buying an additional 37,427 shares during the period. Jane Street Group LLC purchased a new position in shares of Sphere 3D in the 4th quarter worth $37,000. Squarepoint Ops LLC purchased a new position in shares of Sphere 3D in the 4th quarter worth $113,000. Finally, Armistice Capital LLC bought a new stake in shares of Sphere 3D in the fourth quarter worth $465,000. Institutional investors own 17.28% of the company’s stock.

Sphere 3D Company Profile

Sphere 3D Corporation is a technology company specializing in virtualization, containerization and data management solutions. The company develops software and appliance-based offerings designed to simplify the deployment, mobility and orchestration of applications and data across on-premises, private cloud and public cloud environments. Its platforms enable organizations to consolidate IT infrastructure, improve resource utilization and accelerate application delivery without extensive re-engineering of legacy systems.

Among its key products is the Glassware platform, which allows enterprises to containerize Windows and Linux applications for delivery to virtually any endpoint without needing native software installs.