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

Quantum Corporation (NASDAQ:QMCO) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.6667.

A number of equities research analysts recently weighed in on QMCO shares. Northland Capmk raised shares of Quantum from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Monday, December 29th. Finally, Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Friday, November 14th.

Hedge Funds Weigh In On Quantum

A number of institutional investors have recently made changes to their positions in QMCO. Bank of America Corp DE boosted its stake in shares of Quantum by 337.5% during the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after buying an additional 2,234 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Quantum by 322.1% in the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after acquiring an additional 2,641 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Quantum by 99.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after acquiring an additional 2,809 shares during the last quarter. Hollencrest Capital Management grew its holdings in Quantum by 228.0% during the 3rd quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock worth $65,000 after acquiring an additional 4,560 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Quantum in the 2nd quarter worth about $46,000. 63.66% of the stock is owned by institutional investors and hedge funds.

Quantum Price Performance

Shares of NASDAQ QMCO opened at $7.30 on Friday. Quantum has a 1-year low of $6.22 and a 1-year high of $41.00. The company has a market capitalization of $100.16 million, a price-to-earnings ratio of -2.40 and a beta of 2.62. The business has a 50-day moving average of $7.70 and a 200-day moving average of $8.59.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.29). The company had revenue of $62.72 million during the quarter, compared to analysts’ expectations of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. Research analysts expect that Quantum will post -5.5 EPS for the current fiscal year.

Quantum Company Profile

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.