Sphere 3D (NASDAQ:ANY – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.
Separately, HC Wainwright cut their price objective on shares of Sphere 3D from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, August 19th.
Check Out Our Latest Research Report on ANY
Sphere 3D Trading Up 2.4 %
Sphere 3D (NASDAQ:ANY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. The firm had revenue of $4.67 million during the quarter, compared to analysts’ expectations of $5.30 million. Sphere 3D had a negative return on equity of 67.44% and a negative net margin of 69.64%. Equities research analysts predict that Sphere 3D will post -0.7 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sphere 3D stock. XTX Topco Ltd purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,130 shares of the technology company’s stock, valued at approximately $56,000. XTX Topco Ltd owned 0.28% of Sphere 3D as of its most recent filing with the Securities and Exchange Commission (SEC). 17.28% of the stock is owned by hedge funds and other institutional investors.
Sphere 3D Company Profile
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.
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