Quantum (NASDAQ:QMCO) Raised to Hold at Wall Street Zen

Quantum (NASDAQ:QMCO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th. Lake Street Capital set a $7.00 target price on Quantum in a report on Wednesday. Finally, Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Quantum Stock Performance

Quantum stock opened at $5.36 on Friday. Quantum has a one year low of $4.89 and a one year high of $24.40. The stock has a fifty day moving average of $6.82 and a 200 day moving average of $8.13. The stock has a market cap of $78.47 million, a PE ratio of -1.76 and a beta of 2.66.

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

Hedge Funds Weigh In On Quantum

A number of hedge funds have recently made changes to their positions in the business. NBC Securities Inc. purchased a new stake in shares of Quantum during the fourth quarter worth about $26,000. Bank of America Corp DE grew its holdings in Quantum by 337.5% during the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after buying an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after buying an additional 2,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Quantum during the second quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Quantum by 99.4% in the second quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock worth $56,000 after buying an additional 2,809 shares in the last quarter. Institutional investors own 63.66% of the company’s stock.

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.