Sphere 3D (NASDAQ:ANY) Rating Lowered to Strong Sell at Wall Street Zen

Sphere 3D (NASDAQ:ANY) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Sphere 3D from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sphere 3D currently has a consensus rating of “Sell”.

Sphere 3D Price Performance

Shares of Sphere 3D stock opened at $2.61 on Friday. Sphere 3D has a fifty-two week low of $1.08 and a fifty-two week high of $12.60. The firm has a market cap of $22.71 million, a PE ratio of -0.71 and a beta of 3.47. The business’s fifty day moving average is $2.36 and its two-hundred day moving average is $2.01.

Sphere 3D (NASDAQ:ANY) last released its earnings results on Friday, August 14th. The technology company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.49). Sphere 3D had a negative net margin of 332.50% and a negative return on equity of 111.12%. The business had revenue of $2.45 million during the quarter, compared to analyst estimates of $3.00 million.

Institutional Trading of Sphere 3D

A number of hedge funds and other institutional investors have recently modified their holdings of ANY. Jane Street Group LLC purchased a new position in shares of Sphere 3D during the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets grew its holdings in shares of Sphere 3D by 294.7% during the third quarter. BNP Paribas Financial Markets now owns 50,127 shares of the technology company’s stock valued at $37,000 after purchasing an additional 37,427 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Sphere 3D by 678.6% in the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock worth $39,000 after purchasing an additional 114,460 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Sphere 3D during the 4th quarter valued at approximately $113,000. Finally, Armistice Capital LLC acquired a new position in Sphere 3D during the 4th quarter valued at approximately $465,000. 17.28% of the stock is owned by hedge funds and other institutional investors.

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.