StockNews.com cut shares of Sphere 3D (NASDAQ:ANY – Free Report) from a hold rating to a sell rating in a report issued on Thursday.
Separately, HC Wainwright cut their price target on shares of Sphere 3D from $4.00 to $3.00 and set a buy rating on the stock in a research note on Monday, August 19th.
Sphere 3D Stock Performance
Sphere 3D (NASDAQ:ANY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. Sphere 3D had a negative return on equity of 67.44% and a negative net margin of 69.64%. The firm had revenue of $4.67 million during the quarter, compared to the consensus estimate of $5.30 million. On average, equities research analysts predict that Sphere 3D will post -0.7 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sphere 3D stock. Crescent Grove Advisors LLC bought a new stake in Sphere 3D Corp. (NASDAQ:ANY – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned about 0.10% of Sphere 3D at the end of the most recent quarter. 17.28% of the stock is owned by 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.
Read More
- Five stocks we like better than Sphere 3D
- What Are Dividend Champions? How to Invest in the Champions
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- How to Invest in the FAANG Stocks
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- How to Calculate Inflation Rate
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Sphere 3D Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sphere 3D and related companies with MarketBeat.com's FREE daily email newsletter.