Sphere 3D (NASDAQ:ANY) Upgraded at StockNews.com

Sphere 3D (NASDAQ:ANY) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, HC Wainwright dropped their target price on Sphere 3D from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, August 19th.

Sphere 3D Price Performance

NASDAQ ANY opened at $0.89 on Friday. Sphere 3D has a 1-year low of $0.57 and a 1-year high of $4.09. The company has a market capitalization of $16.31 million, a P/E ratio of -0.48 and a beta of 2.81. The business has a 50 day moving average price of $0.94 and a 200 day moving average price of $1.11.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. Sphere 3D had a negative return on equity of 67.44% and a negative net margin of 69.64%. The business had revenue of $4.67 million during the quarter, compared to the consensus estimate of $5.30 million. On average, research analysts expect that Sphere 3D will post -0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sphere 3D

An institutional investor recently bought a new position in Sphere 3D stock. Crescent Grove Advisors LLC acquired a new position in shares of Sphere 3D Corp. (NASDAQ:ANY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned 0.10% of Sphere 3D at the end of the most recent 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.