Quantum Corporation (NASDAQ:QMCO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Quantum Corporation (NASDAQ:QMCO) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $17.6667.

QMCO has been the subject of several research analyst reports. Northland Capmk upgraded shares of Quantum from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Finally, Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Friday, November 14th.

Quantum Trading Down 2.5%

QMCO stock opened at $7.54 on Friday. The firm has a 50-day moving average price of $7.76 and a 200-day moving average price of $8.61. Quantum has a 12 month low of $6.22 and a 12 month high of $41.00. The stock has a market capitalization of $103.45 million, a P/E ratio of -2.48 and a beta of 2.62.

Quantum (NASDAQ:QMCO) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.29). The company had revenue of $62.72 million for the quarter, compared to analyst estimates of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. As a group, equities analysts predict that Quantum will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Quantum

Several hedge funds have recently added to or reduced their stakes in QMCO. Bank of America Corp DE lifted its stake in Quantum by 337.5% in the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after buying an additional 2,234 shares during the period. BNP Paribas Financial Markets grew its position in shares of Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after buying an additional 2,641 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Quantum in the 2nd quarter valued at $46,000. SBI Securities Co. Ltd. lifted its position in shares of Quantum by 99.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after acquiring an additional 2,809 shares during the period. Finally, Hollencrest Capital Management boosted its stake in Quantum by 228.0% during the third quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock worth $65,000 after acquiring an additional 4,560 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.