Quantum Corporation (NASDAQ:QMCO) Stock Has Consensus Price Target of $27.33

Quantum Corporation (NASDAQ:QMCO) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.33.

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

Institutional Investors Weigh In On Quantum

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Quantum in the first quarter worth $58,000. Squarepoint Ops LLC acquired a new stake in shares of Quantum in the second quarter valued at $372,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Quantum in the second quarter valued at $381,000. Man Group plc acquired a new stake in shares of Quantum in the second quarter valued at $755,000. Finally, Sona Asset Management US LLC purchased a new position in Quantum in the first quarter valued at $333,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum Stock Performance

Shares of QMCO stock opened at $18.27 on Friday. The firm’s 50 day moving average price is $24.73 and its 200-day moving average price is $13.09. Quantum has a one year low of $4.19 and a one year high of $35.65. The firm has a market cap of $720.02 million, a P/E ratio of -1.38 and a beta of 3.08.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The company had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, research analysts predict that Quantum will post 0.31 EPS for the current fiscal year.

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 offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.