Sphere 3D (NASDAQ:ANY – Get Free Report) announced its quarterly earnings results on Friday. The technology company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.46), FiscalAI reports. The firm had revenue of $1.92 million during the quarter, compared to the consensus estimate of $2.90 million. Sphere 3D had a negative return on equity of 84.26% and a negative net margin of 192.13%.
Sphere 3D Trading Down 5.8%
NASDAQ:ANY traded down $0.14 during mid-day trading on Friday, reaching $2.29. The company’s stock had a trading volume of 143,437 shares, compared to its average volume of 443,397. Sphere 3D has a 12-month low of $1.08 and a 12-month high of $12.60. The firm’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $2.93. The stock has a market cap of $8.63 million, a P/E ratio of -0.30 and a beta of 3.60.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ANY shares. Wall Street Zen upgraded shares of Sphere 3D to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sphere 3D in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.00.
Hedge Funds Weigh In On Sphere 3D
Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Sphere 3D during the 4th quarter valued at about $37,000. BNP Paribas Financial Markets increased its position in shares of Sphere 3D by 294.7% during the 3rd 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 increased its position in shares of Sphere 3D by 678.6% during the 4th quarter. XTX Topco Ltd now owns 131,326 shares of the technology company’s stock valued at $39,000 after purchasing an additional 114,460 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Sphere 3D during the 4th quarter valued at about $113,000. Finally, Armistice Capital LLC purchased a new stake in shares of Sphere 3D during the 4th quarter valued at about $465,000. Hedge funds and other institutional investors own 17.28% of the company’s stock.
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.
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