Brokerages Set Quantum Corporation (NASDAQ:QMCO) PT at $17.67

Quantum Corporation (NASDAQ:QMCO) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.00.

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Quantum from a “hold” rating to a “buy” rating in a report on Saturday. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a research note on Tuesday, August 11th. Lake Street Capital reissued a “buy” rating and set a $24.00 price target (up from $20.00) on shares of Quantum in a research report on Tuesday, August 11th. Litchfield Hills Research initiated coverage on Quantum in a research note on Monday, August 10th. They set a “buy” rating on the stock. Finally, Needham & Company LLC assumed coverage on shares of Quantum in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in QMCO. Sona Asset Management US LLC purchased a new position in shares of Quantum during the 1st quarter valued at about $333,000. R Squared Ltd purchased a new position in shares of Quantum during the 1st quarter valued at approximately $58,000. NBC Securities Inc. acquired a new stake in shares of Quantum in the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC boosted its stake in shares of Quantum by 17.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 26,585 shares of the company’s stock worth $171,000 after acquiring an additional 3,875 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Quantum in the second quarter worth about $3,003,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Price Performance

NASDAQ:QMCO opened at $26.11 on Monday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.97 and a beta of 2.97. The business has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $8.95. Quantum has a 1 year low of $4.19 and a 1 year high of $27.80.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.35. The firm had revenue of $80.80 million for the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. As a group, analysts expect that Quantum will post -0.28 earnings per share for the current fiscal 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.