Sphere 3D (NASDAQ:ANY) Upgraded by Wall Street Zen to Hold Rating

Sphere 3D (NASDAQ:ANY) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Sunday.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Sphere 3D in a report on Wednesday, May 21st.

Sphere 3D Trading Up 2.6%

NASDAQ ANY opened at $0.50 on Friday. The stock’s 50-day moving average price is $0.64 and its two-hundred day moving average price is $0.63. The company has a market cap of $14.30 million, a PE ratio of -0.83 and a beta of 3.22. Sphere 3D has a 1 year low of $0.36 and a 1 year high of $1.90.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $3.02 million for the quarter, compared to the consensus estimate of $4.60 million. Sphere 3D had a negative return on equity of 47.27% and a negative net margin of 131.43%. Research analysts forecast that Sphere 3D will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Sphere 3D

A number of large investors have recently made changes to their positions in ANY. Two Sigma Securities LLC acquired a new position in shares of Sphere 3D in the 4th quarter valued at about $30,000. Two Sigma Investments LP grew its stake in shares of Sphere 3D by 92.0% in the 4th quarter. Two Sigma Investments LP now owns 34,595 shares of the technology company’s stock valued at $33,000 after buying an additional 16,577 shares in the last quarter. Finally, Armistice Capital LLC grew its stake in shares of Sphere 3D by 1.4% in the 1st quarter. Armistice Capital LLC now owns 2,204,934 shares of the technology company’s stock valued at $879,000 after buying an additional 30,934 shares in the last quarter. Institutional investors and hedge funds own 17.28% of the company’s stock.

Sphere 3D Company Profile

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.