Quantum Corporation (NASDAQ:QMCO) Receives Average Recommendation of “Moderate Buy” from Analysts

Quantum Corporation (NASDAQ:QMCO) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.6667.

A number of analysts recently weighed in on QMCO shares. Lake Street Capital started coverage on shares of Quantum in a research report on Wednesday. They issued a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen raised shares of Quantum from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research note on Monday, December 29th.

Institutional Investors Weigh In On Quantum

A number of large investors have recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in shares of Quantum in the fourth quarter valued at approximately $26,000. Bank of America Corp DE increased its position in shares of Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after purchasing an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Quantum by 322.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after purchasing an additional 2,641 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Quantum in the second quarter valued at about $46,000. Finally, Hollencrest Capital Management raised its position in shares of Quantum by 228.0% in the third quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock valued at $65,000 after buying an additional 4,560 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Stock Up 13.0%

NASDAQ QMCO traded up $0.67 during trading on Wednesday, hitting $5.78. 392,724 shares of the stock traded hands, compared to its average volume of 513,387. The firm has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $7.79. Quantum has a 12-month low of $4.50 and a 12-month high of $17.07. The company has a market capitalization of $84.56 million, a P/E ratio of -2.40 and a beta of 2.66.

Quantum (NASDAQ:QMCO) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.09. The business had revenue of $74.59 million for 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, research analysts predict that Quantum will post -5.5 EPS 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.