Quantum Corporation (NASDAQ:QMCO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Quantum Corporation (NASDAQ:QMCO) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.00.

QMCO has been the subject of a number of research analyst reports. Litchfield Hills Research started coverage on shares of Quantum in a research report on Monday, August 10th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, June 24th. Lake Street Capital reiterated a “buy” rating and issued a $24.00 price objective (up from $20.00) on shares of Quantum in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Needham & Company LLC assumed coverage on shares of Quantum in a research note on Wednesday, June 3rd. They set a “buy” rating for the company.

Institutional Trading of Quantum

A number of institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. purchased a new position in Quantum in the second quarter valued at about $29,193,000. Two Seas Capital LP purchased a new stake in shares of Quantum during the 2nd quarter worth about $27,374,000. Manatuck Hill Partners LLC acquired a new stake in shares of Quantum during the 2nd quarter valued at about $3,850,000. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 46,919 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Quantum in the 2nd quarter valued at approximately $3,003,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Trading Up 6.7%

NASDAQ:QMCO opened at $24.30 on Friday. The business’s fifty day moving average price is $15.24 and its 200 day moving average price is $10.61. The firm has a market capitalization of $957.66 million, a price-to-earnings ratio of -1.84 and a beta of 3.14. Quantum has a 1-year low of $4.19 and a 1-year high of $27.80.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. Equities analysts forecast that Quantum will post 0.31 earnings per share for the current 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.