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

Sphere 3D (NASDAQ:ANY) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

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

Sphere 3D Stock Down 9.0%

ANY stock opened at $1.41 on Friday. Sphere 3D has a twelve month low of $1.08 and a twelve month high of $12.60. The company has a market cap of $4.75 million, a PE ratio of -0.18 and a beta of 3.79. The business’s 50-day simple moving average is $1.97 and its 200 day simple moving average is $4.56.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings results on Friday, March 6th. The technology company reported ($3.27) EPS for the quarter. Sphere 3D had a negative net margin of 167.47% and a negative return on equity of 61.18%. The firm had revenue of $2.72 million during the quarter. On average, equities research analysts anticipate that Sphere 3D will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Sphere 3D

A number of institutional investors have recently added to or reduced their stakes in ANY. Armistice Capital LLC acquired a new position in shares of Sphere 3D in the 4th quarter worth approximately $465,000. Squarepoint Ops LLC bought a new position in shares of Sphere 3D during the 4th quarter worth approximately $113,000. XTX Topco Ltd boosted its stake in Sphere 3D by 51.7% in the 2nd quarter. XTX Topco Ltd now owns 71,682 shares of the technology company’s stock valued at $42,000 after buying an additional 24,424 shares in the last quarter. Jane Street Group LLC acquired a new stake in Sphere 3D in the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets grew its position in Sphere 3D by 294.7% in the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after acquiring an additional 37,427 shares during the period. 17.28% of the stock is owned by institutional investors and hedge funds.

About Sphere 3D

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.