Investors Purchase High Volume of Quantum Call Options (NASDAQ:QMCO)

Quantum Corporation (NASDAQ:QMCO) saw unusually large options trading activity on Tuesday. Investors acquired 5,709 call options on the company. This is an increase of 813% compared to the average daily volume of 625 call options.

Institutional Trading of Quantum

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Quantum in the second quarter valued at approximately $3,003,000. Marshall Wace LLP bought a new stake in shares of Quantum during the second quarter worth $1,775,000. UBS Group AG increased its position in shares of Quantum by 170.0% during the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock worth $1,613,000 after acquiring an additional 102,384 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Quantum by 97.5% during the fourth quarter. Geode Capital Management LLC now owns 156,871 shares of the company’s stock worth $1,012,000 after acquiring an additional 77,444 shares during the period. Finally, Sona Asset Management US LLC acquired a new stake in shares of Quantum during the first quarter worth $333,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QMCO. Needham & Company LLC initiated coverage on Quantum in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. Litchfield Hills Research assumed coverage on shares of Quantum in a research note on Monday. They set a “buy” rating for the company. Northland Securities cut shares of Quantum from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a research report on Friday, June 26th. Lake Street Capital reiterated a “buy” rating and set a $24.00 target price on shares of Quantum in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

More Quantum News

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Quantum reported non-GAAP adjusted earnings of $0.18 per diluted share, compared with analysts’ expectation of a $0.17 loss and a $1.58 loss in the year-ago quarter. Quantum Corp. Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Fiscal first-quarter revenue rose 26% year over year to $80.8 million, exceeding company guidance of approximately $73 million to $77 million and the $75.05 million analyst consensus. Adjusted EBITDA was $8.0 million. Quantum Reports $80.8 Million Revenue for Fiscal Q1 2027
• Positive Sentiment: Management projected fiscal second-quarter revenue of $80 million to $84 million and adjusted EPS of $0.02 to $0.22, both above consensus estimates of $75.4 million and a $0.04 loss, respectively. Quantum Earnings and Guidance
• Positive Sentiment: Quantum had $54.6 million in cash, cash equivalents and restricted cash and no outstanding debt at quarter-end, versus $104.3 million of debt a year earlier. This substantially improves its balance-sheet position, although debt-elimination transactions generated significant one-time costs. Quantum Fiscal First-Quarter 2027 Financial Results
• Neutral Sentiment: GAAP results showed a $155.3 million net loss, or $7.06 per share, largely because of one-time charges related to debt elimination. Investors are focusing on adjusted profitability, but the large GAAP loss remains a risk.
• Neutral Sentiment: Institutional positioning was mixed, with 18 investors adding shares and 21 reducing holdings in recent reporting periods.
• Negative Sentiment: Company insiders reported four open-market sales and no purchases over the past six months, including sales by the CEO and other executives. This may temper enthusiasm following the sharp rally.

Quantum Stock Performance

NASDAQ:QMCO traded up $6.20 on Tuesday, reaching $17.98. The company’s stock had a trading volume of 9,111,905 shares, compared to its average volume of 827,275. Quantum has a 1-year low of $4.19 and a 1-year high of $18.80. The business’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $8.50. The firm has a market cap of $708.22 million, a PE ratio of -2.23 and a beta of 2.97.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, sell-side analysts expect that Quantum will post -0.28 EPS for the current year.

About Quantum

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.