Quantum (NASDAQ:QMCO) Shares Gap Down – Should You Sell?

Posted by Brenda Bartman on Oct 2nd, 2026

Quantum Corporation (NASDAQ:QMCO – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $31.89, but opened at $30.10. Quantum shares last traded at $32.15, with a volume of 774,006 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on QMCO. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research report on Monday, September 21st. Wall Street Zen upgraded Quantum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Litchfield Hills Research initiated coverage on shares of Quantum in a research note on Monday, August 10th. They set a “buy” rating on the stock. Lake Street Capital set a $29.00 target price on shares of Quantum and gave the company a “buy” rating in a research note on Monday, September 14th. Finally, Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

View Our Latest Analysis on QMCO

Quantum Stock Performance

The firm has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $13.59. The firm has a market capitalization of $1.24 billion, a P/E ratio of -2.37 and a beta of 3.08.

Quantum (NASDAQ:QMCO – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.35. The company 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 research analysts forecast that Quantum Corporation will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Quantum by 4.3% in the 2nd quarter. State Street Corp now owns 75,914 shares of the company’s stock valued at $835,000 after purchasing an additional 3,100 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Quantum in the second quarter worth $372,000. Susquehanna Fundamental Investments LLC acquired a new position in Quantum in the 2nd quarter valued at $381,000. Alyeska Investment Group L.P. bought a new position in shares of Quantum in the second quarter worth about $29,193,000. Finally, Bank of America Corp DE raised its stake in Quantum by 730.5% during the 2nd quarter. Bank of America Corp DE now owns 170,130 shares of the company’s stock valued at $1,871,000 after purchasing an additional 149,645 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Quantum Company Profile

(Get Free Report)

Quantum Corporation (NASDAQ: QMCO) is a data storage and management company that provides technology for organizations handling large volumes of digital content. Its solutions are designed to help customers store, protect, manage and access unstructured data, including video, images, scientific information and other content-intensive files.

The company’s product portfolio has included Scalar tape libraries and tape storage systems, DXi deduplication appliances, and software for data backup, archiving and disaster recovery.