Quantum Corporation (NASDAQ:QMCO) Given Average Rating of “Moderate Buy” by Brokerages

Quantum Corporation (NASDAQ:QMCO) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $13.6667.

A number of research firms have issued reports on QMCO. Wall Street Zen raised Quantum from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a report on Friday, March 27th. Finally, Lake Street Capital started coverage on Quantum in a report on Wednesday, March 25th. They issued a “buy” rating and a $8.00 target price for the company.

Quantum Price Performance

NASDAQ:QMCO opened at $8.81 on Thursday. Quantum has a 1 year low of $4.19 and a 1 year high of $15.33. The stock’s 50 day simple moving average is $6.36 and its two-hundred day simple moving average is $6.99. The company has a market cap of $128.98 million, a price-to-earnings ratio of -3.73 and a beta of 2.90.

Quantum (NASDAQ:QMCO) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.09. The firm had revenue of $74.59 million during the quarter, compared to the consensus estimate of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. As a group, analysts anticipate that Quantum will post -2.58 EPS for the current year.

Hedge Funds Weigh In On Quantum

A number of institutional investors and hedge funds have recently modified their holdings of QMCO. Marshall Wace LLP purchased a new position in shares of Quantum in the 2nd quarter worth approximately $1,775,000. UBS Group AG boosted its holdings in shares of Quantum by 170.0% in the 3rd quarter. UBS Group AG now owns 162,605 shares of the company’s stock worth $1,613,000 after purchasing an additional 102,384 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quantum by 97.5% in the 4th quarter. Geode Capital Management LLC now owns 156,871 shares of the company’s stock worth $1,012,000 after purchasing an additional 77,444 shares during the period. State Street Corp boosted its holdings in shares of Quantum by 231.7% in the 4th quarter. State Street Corp now owns 90,714 shares of the company’s stock worth $585,000 after purchasing an additional 63,367 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Quantum by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock worth $3,012,000 after purchasing an additional 46,919 shares during the period. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.