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

Shares of Quantum Corporation (NASDAQ:QMCO) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.6667.

Several analysts have recently issued reports on QMCO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Friday, November 14th. Finally, Northland Capmk upgraded shares of Quantum from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th.

Quantum Trading Down 2.5%

Shares of QMCO opened at $7.54 on Friday. Quantum has a 12 month low of $6.22 and a 12 month high of $41.00. The firm’s 50 day moving average is $7.76 and its 200-day moving average is $8.61. The stock has a market capitalization of $103.45 million, a PE ratio of -2.48 and a beta of 2.62.

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

Institutional Trading of Quantum

Large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in Quantum by 337.5% during the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after purchasing an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Quantum by 322.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after purchasing an additional 2,641 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Quantum by 99.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after purchasing an additional 2,809 shares during the last quarter. Hollencrest Capital Management raised its holdings 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. bought a new stake in shares of Quantum during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Company Profile

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.