Shares of Sphere 3D Corp. (NASDAQ:ANY) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $5.00 for the company and are predicting that the company will post ($1.32) earnings per share for the current quarter, according to Zacks. Zacks has also given Sphere 3D Corp. an industry rank of 61 out of 265 based on the ratings given to its competitors.

A number of brokerages have weighed in on ANY. Zacks Investment Research upgraded Sphere 3D Corp. from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Thursday. ValuEngine cut Sphere 3D Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st.

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A hedge fund recently raised its stake in Sphere 3D Corp. stock. Virtu KCG Holdings LLC raised its holdings in shares of Sphere 3D Corp. (NASDAQ:ANY) by 540.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 866,676 shares of the technology company’s stock after purchasing an additional 731,429 shares during the period. Virtu KCG Holdings LLC owned 21.10% of Sphere 3D Corp. worth $167,000 at the end of the most recent quarter.

Sphere 3D Corp. (NASDAQ:ANY) last posted its quarterly earnings data on Monday, August 14th. The technology company reported ($0.64) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.50) by $0.86. Sphere 3D Corp. had a negative return on equity of 100.71% and a negative net margin of 84.35%. The business had revenue of $19.44 million for the quarter, compared to analysts’ expectations of $22.40 million.

Sphere 3D Corp. Company Profile

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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