Dimensional Fund Advisors LP Sells 41,621 Shares of Sphere 3D Corp. (NASDAQ:ANY)

Dimensional Fund Advisors LP trimmed its position in shares of Sphere 3D Corp. (NASDAQ:ANY) by 56.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,639 shares of the technology company’s stock after selling 41,621 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Sphere 3D worth $30,000 as of its most recent SEC filing.

Sphere 3D Price Performance

Shares of NASDAQ ANY opened at $0.84 on Monday. Sphere 3D Corp. has a 1 year low of $0.36 and a 1 year high of $1.90. The company’s 50-day moving average is $0.53 and its 200 day moving average is $0.86. The stock has a market capitalization of $22.17 million, a P/E ratio of -1.05 and a beta of 3.64.

Sphere 3D (NASDAQ:ANY) last announced its quarterly earnings results on Wednesday, May 14th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.03). Sphere 3D had a negative net margin of 50.87% and a negative return on equity of 49.54%. The company had revenue of $2.82 million for the quarter, compared to analysts’ expectations of $3.09 million. Research analysts anticipate that Sphere 3D Corp. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ANY. StockNews.com began coverage on shares of Sphere 3D in a research note on Friday, May 2nd. They set a “sell” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Sphere 3D in a research note on Friday, April 4th.

About Sphere 3D

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.