Quantum Corporation (NASDAQ:QMCO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Quantum Corporation (NASDAQ:QMCO) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.6667.

QMCO has been the subject of a number of research analyst reports. Wall Street Zen raised Quantum from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Lake Street Capital initiated coverage on Quantum in a research note on Wednesday, March 25th. They set a “buy” rating and a $8.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Friday, March 27th.

Quantum Stock Performance

Shares of QMCO stock opened at $8.81 on Thursday. Quantum has a 52-week low of $4.19 and a 52-week high of $15.33. The firm has a market capitalization of $128.98 million, a P/E ratio of -3.73 and a beta of 2.90. The stock has a 50 day moving average price of $6.36 and a 200 day moving average price of $6.99.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings results 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 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, sell-side analysts forecast that Quantum will post -2.58 EPS for the current year.

Institutional Investors Weigh In On Quantum

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

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.