Quantum’s (QMCO) Market Perform Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Quantum (NASDAQ:QMCO) in a research note issued to investors on Wednesday, Benzinga reports.

Quantum Stock Performance

QMCO opened at $0.41 on Wednesday. Quantum has a fifty-two week low of $0.24 and a fifty-two week high of $1.32. The company’s 50-day moving average is $0.53 and its 200 day moving average is $0.44.

Institutional Investors Weigh In On Quantum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Quantum in the 1st quarter valued at about $28,000. Renaissance Technologies LLC purchased a new stake in Quantum in the 1st quarter valued at about $29,000. Bank of America Corp DE increased its stake in Quantum by 3,297.0% in the 1st quarter. Bank of America Corp DE now owns 21,809 shares of the company’s stock valued at $25,000 after buying an additional 21,167 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Quantum in the 1st quarter valued at about $25,000. Finally, HighTower Advisors LLC purchased a new stake in Quantum in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.