Cantor Fitzgerald began coverage on shares of Quantum (NASDAQ:QMCO – Free Report) in a research note published on Friday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $29.00 price objective on the stock.
A number of other equities analysts also recently commented on QMCO. Lake Street Capital set a $29.00 price objective on Quantum and gave the stock a “buy” rating in a research report on Monday, September 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research note on Monday, September 21st. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research note on Tuesday, August 11th. Litchfield Hills Research began coverage on shares of Quantum in a report on Monday, August 10th. They issued a “buy” rating on the stock. Finally, Wall Street Zen upgraded shares of Quantum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.33.
View Our Latest Stock Report on QMCO
Quantum Stock Performance
NASDAQ:QMCO opened at $17.62 on Friday. The firm has a market cap of $694.40 million, a PE ratio of -1.33 and a beta of 3.08. The stock has a fifty day moving average price of $25.06 and a 200 day moving average price of $15.82. Quantum has a 12-month low of $4.19 and a 12-month high of $35.65.
Quantum (NASDAQ:QMCO – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.18 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 analysts forecast that Quantum will post 0.31 EPS for the current year.
Hedge Funds Weigh In On Quantum
Several large investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in Quantum in the first quarter valued at $58,000. Squarepoint Ops LLC purchased a new stake in Quantum during the 2nd quarter worth about $372,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Quantum during the 2nd quarter worth about $381,000. Man Group plc acquired a new position in shares of Quantum during the 2nd quarter worth about $755,000. Finally, Sona Asset Management US LLC acquired a new position in shares of Quantum during the 1st quarter worth about $333,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.
About Quantum
Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.
The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.
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