Quantum (NASDAQ:QMCO) Upgraded by Northland Capmk to “Strong-Buy” Rating

Northland Capmk upgraded shares of Quantum (NASDAQ:QMCO) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

QMCO has been the subject of several other research reports. Wall Street Zen downgraded shares of Quantum from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Quantum in a research note on Thursday. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Friday. Finally, Needham & Company LLC set a $20.00 price target on Quantum in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Quantum Trading Up 11.9%

QMCO stock traded up $0.84 during midday trading on Friday, hitting $7.87. 2,173,375 shares of the company’s stock were exchanged, compared to its average volume of 1,586,114. The firm has a 50 day moving average price of $9.76 and a 200-day moving average price of $9.58. Quantum has a 12-month low of $2.88 and a 12-month high of $90.64. The stock has a market capitalization of $105.45 million, a price-to-earnings ratio of -1.77 and a beta of 2.64.

Quantum (NASDAQ:QMCO) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.29). The firm had revenue of $62.72 million for the quarter, compared to analyst estimates of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. On average, sell-side analysts forecast that Quantum will post -5.5 EPS for the current fiscal year.

Institutional Trading of Quantum

Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its stake in Quantum by 87.8% during the 1st quarter. Allianz Asset Management GmbH now owns 962,127 shares of the company’s stock worth $13,835,000 after buying an additional 449,711 shares during the last quarter. Virtu Financial LLC bought a new stake in Quantum in the first quarter valued at $284,000. AlphaQuest LLC acquired a new position in shares of Quantum during the first quarter valued at $139,000. Activest Wealth Management grew its position in shares of Quantum by 428,200.0% during the first quarter. Activest Wealth Management now owns 4,283 shares of the company’s stock worth $62,000 after acquiring an additional 4,282 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Quantum in the 2nd quarter worth about $107,000. 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.