Quantum (NASDAQ:QMCO) Trading Up 1% – Still a Buy?

Quantum Corporation (NASDAQ:QMCO) shares were up 1% during mid-day trading on Monday . The stock traded as high as $6.47 and last traded at $6.26. Approximately 421,463 shares were traded during trading, a decline of 23% from the average daily volume of 549,112 shares. The stock had previously closed at $6.20.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QMCO. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Quantum has an average rating of “Moderate Buy” and an average price target of $16.50.

Quantum Trading Up 1.0%

The firm has a market cap of $85.89 million, a PE ratio of -2.06 and a beta of 2.66. The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $8.40.

Quantum (NASDAQ:QMCO) last released its 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 company had revenue of $62.72 million for the quarter, compared to analysts’ expectations of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. Equities analysts forecast that Quantum Corporation will post -5.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quantum

A number of institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC acquired a new stake in Quantum in the second quarter valued at $107,000. SBI Securities Co. Ltd. increased its holdings 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 acquiring an additional 2,809 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Quantum by 9.1% in the 2nd quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after acquiring an additional 5,806 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Quantum during the 2nd quarter worth about $1,775,000. Finally, Sassicaia Capital Advisers LLC purchased a new stake in Quantum during the second quarter worth approximately $232,000. 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.