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

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

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere 3D in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.00.

Sphere 3D Stock Down 9.0%

Shares of Sphere 3D stock opened at $1.41 on Friday. Sphere 3D has a 12-month low of $1.08 and a 12-month high of $12.60. The stock has a market capitalization of $4.75 million, a P/E ratio of -0.18 and a beta of 3.79. The company has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $4.56.

Sphere 3D (NASDAQ:ANY) last released its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) EPS for the quarter. The firm 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, equities analysts anticipate that Sphere 3D will post -0.58 earnings per share for the current year.

Institutional Trading of Sphere 3D

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Sphere 3D in the 4th quarter worth approximately $37,000. BNP Paribas Financial Markets lifted its holdings in Sphere 3D by 294.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock worth $37,000 after buying an additional 37,427 shares in the last quarter. XTX Topco Ltd boosted its position in Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after buying an additional 114,460 shares during the last quarter. Squarepoint Ops LLC bought a new position in Sphere 3D in the 4th quarter valued at $113,000. Finally, Armistice Capital LLC acquired a new stake in shares of Sphere 3D in the 4th quarter valued at $465,000. Institutional investors and hedge funds 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.