Sphere 3D Corp. (NASDAQ:ANY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Sphere 3D Corp. (NASDAQ:ANY) by 45.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,260 shares of the technology company’s stock after selling 60,344 shares during the period. Dimensional Fund Advisors LP owned approximately 0.40% of Sphere 3D worth $79,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ANY. StockNews.com upgraded shares of Sphere 3D from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. HC Wainwright reduced their price target 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.

Sphere 3D Stock Down 1.6 %

Shares of NASDAQ:ANY opened at $0.95 on Wednesday. Sphere 3D Corp. has a fifty-two week low of $0.57 and a fifty-two week high of $4.09. The firm has a 50-day simple moving average of $0.88 and a 200 day simple moving average of $1.03. The company has a market cap of $19.61 million, a PE ratio of -0.72 and a beta of 2.81.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.03. Sphere 3D had a negative net margin of 69.64% and a negative return on equity of 67.44%. The business had revenue of $4.67 million during the quarter, compared to analysts’ expectations of $5.30 million. As a group, research analysts forecast that Sphere 3D Corp. will post -0.7 EPS for the current fiscal year.

About Sphere 3D

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.