Quantum Corporation (NASDAQ:QMCO) Stock Now Rated “Moderate Buy” by Wall Street Analysts

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

A number of research analysts recently issued reports on QMCO shares. Litchfield Hills Research assumed coverage on Quantum in a research note 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. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Tuesday, August 11th. Lake Street Capital set a $29.00 price objective on shares of Quantum and gave the stock a “buy” rating in a research report on Monday, September 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Quantum in a research note on Friday. They set an “overweight” rating and a $29.00 price target on the stock.

Quantum Price Performance

QMCO opened at $17.62 on Friday. The company has a fifty day moving average price of $25.06 and a 200-day moving average price of $15.75. Quantum has a one year low of $4.19 and a one year high of $35.65. The firm has a market capitalization of $694.40 million, a P/E ratio of -1.33 and a beta of 3.08.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating the consensus estimate 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. On average, analysts expect that Quantum will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Quantum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Quantum by 4.3% during the second quarter. State Street Corp now owns 75,914 shares of the company’s stock worth $835,000 after purchasing an additional 3,100 shares during the last quarter. R Squared Ltd acquired a new stake in Quantum during the first quarter worth approximately $58,000. Squarepoint Ops LLC acquired a new position in Quantum in the second quarter valued at $372,000. Susquehanna Fundamental Investments LLC acquired a new stake in Quantum in the 2nd quarter worth about $381,000. Finally, Man Group plc acquired a new position in shares of Quantum during the 2nd quarter valued at about $755,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

About Quantum

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.