Zacks Investment Research upgraded shares of Quantum Corp. (NYSE:QTM) from a hold rating to a buy rating in a report released on Wednesday. Zacks Investment Research currently has $0.75 price objective on the stock.

According to Zacks, “Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can be certain they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. “

Separately, Roth Capital initiated coverage on shares of Quantum Corp. in a report on Thursday, August 25th. They set a buy rating and a $1.50 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $1.42.

Shares of Quantum Corp. (NYSE:QTM) opened at 0.7499 on Wednesday. The firm’s market capitalization is $201.87 million. Quantum Corp. has a one year low of $0.35 and a one year high of $1.05. The company’s 50 day moving average is $0.71 and its 200-day moving average is $0.55.

Several large investors have recently bought and sold shares of QTM. Paloma Partners Management Co raised its stake in Quantum Corp. by 551.5% in the second quarter. Paloma Partners Management Co now owns 772,129 shares of the company’s stock worth $324,000 after buying an additional 653,608 shares in the last quarter. S Squared Technology LLC bought a new position in Quantum Corp. during the second quarter worth about $537,000. Spark Investment Management LLC increased its position in Quantum Corp. by 21.2% in the second quarter. Spark Investment Management LLC now owns 634,900 shares of the company’s stock worth $266,000 after buying an additional 111,100 shares during the last quarter. Laurion Capital Management LP bought a new position in Quantum Corp. during the second quarter worth about $274,000. Finally, Vanguard Group Inc. increased its position in Quantum Corp. by 0.8% in the second quarter. Vanguard Group Inc. now owns 8,482,427 shares of the company’s stock worth $3,562,000 after buying an additional 66,958 shares during the last quarter. 50.49% of the stock is currently owned by institutional investors.

About Quantum Corp.

Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

5 Day Chart for NYSE:QTM

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