Quantum Corporation (NASDAQ:QMCO) Receives $13.67 Average PT from Analysts

Quantum Corporation (NASDAQ:QMCO) has been given an average rating of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $13.6667.

Several research analysts have recently weighed in on QMCO shares. Lake Street Capital began coverage on shares of Quantum in a report on Wednesday. They set a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Quantum from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Monday, December 29th.

Institutional Trading of Quantum

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Quantum by 337.5% in the third quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after acquiring an additional 2,234 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Quantum by 322.1% during the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after acquiring an additional 2,641 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Quantum by 17.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 26,585 shares of the company’s stock worth $171,000 after acquiring an additional 3,875 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Quantum in the 4th quarter worth about $26,000. Finally, Hollencrest Capital Management raised its holdings in shares of Quantum by 228.0% in the 3rd quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock worth $65,000 after purchasing an additional 4,560 shares during the period. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum Stock Down 10.3%

Shares of NASDAQ:QMCO opened at $4.68 on Wednesday. The company has a market cap of $68.52 million, a P/E ratio of -1.98 and a beta of 2.66. Quantum has a 52 week low of $4.50 and a 52 week high of $15.36. The business has a fifty day simple moving average of $5.78 and a 200-day simple moving average of $7.74.

Quantum (NASDAQ:QMCO) last released its earnings results on Tuesday, February 17th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.09. The business had revenue of $74.59 million for the quarter, compared to analysts’ expectations of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. Sell-side analysts expect that Quantum will post -5.5 earnings per share for the current fiscal 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.