Quantum Corporation (NASDAQ:QMCO) Given Consensus Rating of “Moderate Buy” by Analysts

Quantum Corporation (NASDAQ:QMCO) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.6667.

Several equities analysts have recently commented on the company. Wall Street Zen lowered Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. 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. Finally, Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research report on Friday, November 14th.

Hedge Funds Weigh In On Quantum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Quantum by 18.3% in the third quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after purchasing an additional 46,919 shares during the last quarter. Marshall Wace LLP bought a new stake in Quantum in the 2nd quarter worth $1,775,000. UBS Group AG increased its position in shares of Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock valued at $1,613,000 after acquiring an additional 102,384 shares during the period. Geode Capital Management LLC raised its stake in shares of Quantum by 9.1% during the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after acquiring an additional 5,806 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Quantum by 655.0% during the third quarter. AlphaQuest LLC now owns 35,536 shares of the company’s stock worth $353,000 after purchasing an additional 30,829 shares during the period. 63.66% of the stock is currently owned by institutional investors.

Quantum Price Performance

Shares of QMCO opened at $7.24 on Wednesday. Quantum has a 1-year low of $6.51 and a 1-year high of $90.64. The company has a market capitalization of $99.33 million, a P/E ratio of -2.38 and a beta of 2.59. The firm’s 50 day simple moving average is $8.55 and its 200 day simple moving average is $8.85.

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

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.