Sphere 3D (NASDAQ:ANY) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Sphere 3D (NASDAQ:ANY) from a sell rating to a hold rating in a report released on Wednesday morning.

Sphere 3D Price Performance

Shares of ANY stock opened at $0.93 on Wednesday. The company has a market capitalization of $13.31 million, a price-to-earnings ratio of -0.07 and a beta of 2.35. Sphere 3D has a one year low of $0.89 and a one year high of $3.61. The company’s fifty day moving average price is $1.20 and its 200-day moving average price is $1.83.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA purchased a new position in shares of Sphere 3D in the 1st quarter worth $48,000. Virtu Financial LLC grew its stake in shares of Sphere 3D by 537.3% in the 1st quarter. Virtu Financial LLC now owns 122,323 shares of the technology company’s stock worth $257,000 after buying an additional 103,130 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Sphere 3D by 62.9% in the 1st quarter. Renaissance Technologies LLC now owns 851,276 shares of the technology company’s stock worth $1,788,000 after buying an additional 328,746 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Sphere 3D in the 1st quarter worth $43,000. 0.26% of the stock is owned by hedge funds and other institutional investors.

Sphere 3D Company Profile

Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. The company also provides data management and desktop and application virtualization solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization.