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

Quantum Corporation (NASDAQ:QMCO) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $26.50.

QMCO has been the topic of several research reports. Wall Street Zen raised Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Lake Street Capital set a $29.00 price target on Quantum and gave the stock a “buy” rating in a report on Monday, September 14th. Litchfield Hills Research started coverage on Quantum in a research note on Monday, August 10th. They issued a “buy” rating for the company. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a research report on Monday, September 21st.

Quantum Stock Performance

NASDAQ QMCO opened at $34.01 on Tuesday. The firm has a 50-day moving average of $22.53 and a 200-day moving average of $14.00. The stock has a market cap of $1.34 billion, a PE ratio of -2.57 and a beta of 3.08. Quantum has a 52-week low of $4.19 and a 52-week high of $35.65.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.35. The company had revenue of $80.80 million during 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, analysts predict that Quantum will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Quantum

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new stake in Quantum in the 1st quarter worth about $58,000. Sona Asset Management US LLC acquired a new position in shares of Quantum during the 1st quarter worth approximately $333,000. Squarepoint Ops LLC bought a new position in shares of Quantum during the second quarter worth approximately $372,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Quantum during the second quarter worth approximately $381,000. Finally, Man Group plc acquired a new stake in shares of Quantum in the second quarter valued at approximately $755,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum Company Profile

Quantum Corporation (NASDAQ:QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its customers include businesses, media and entertainment companies, government agencies, research institutions and other organizations that require long-term data preservation, rapid access and secure information management.

The company’s portfolio includes tape libraries and drives based on Linear Tape-Open (LTO) technology, disk-based backup and deduplication systems, and software for managing files, objects and data workflows.