Quantum (NASDAQ:QMCO) Upgraded to Outperform at Northland Securities

Northland Securities upgraded shares of Quantum (NASDAQ:QMCO) from a market perform rating to an outperform rating in a research note released on Friday, MarketBeat reports. Northland Securities currently has $13.00 price target on the stock.

A number of other research analysts also recently issued reports on QMCO. Needham & Company LLC set a $20.00 price target on Quantum in a research note on Monday, August 11th. Wall Street Zen downgraded Quantum from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

Quantum Stock Performance

NASDAQ QMCO traded up $0.84 during trading on Friday, reaching $7.87. 2,173,375 shares of the company’s stock were exchanged, compared to its average volume of 1,586,114. Quantum has a 1 year low of $2.88 and a 1 year high of $90.64. The stock has a market cap of $105.45 million, a P/E ratio of -1.77 and a beta of 2.64. The company has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $9.58.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Quantum will post -5.5 EPS for the current fiscal year.

Institutional Trading of Quantum

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Quantum by 322.1% during the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after purchasing an additional 2,641 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Quantum by 99.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock worth $56,000 after purchasing an additional 2,809 shares during the period. Activest Wealth Management raised its stake in shares of Quantum by 428,200.0% during the 1st quarter. Activest Wealth Management now owns 4,283 shares of the company’s stock worth $62,000 after buying an additional 4,282 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of 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 buying an additional 4,560 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Quantum in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Company Profile

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.