Quantum Corporation (NASDAQ:QMCO – Free Report) – Investment analysts at Lake Street Capital issued their FY2026 EPS estimates for Quantum in a research note issued to investors on Sunday, June 14th. Lake Street Capital analyst J. Stephan forecasts that the company will earn ($2.52) per share for the year. Lake Street Capital has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for Quantum’s current full-year earnings is ($2.58) per share. Lake Street Capital also issued estimates for Quantum’s Q4 2026 earnings at ($0.32) EPS.
Other equities analysts have also issued research reports about the stock. Needham & Company LLC initiated coverage on shares of Quantum in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Quantum from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Four 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.67.
Quantum Stock Performance
QMCO opened at $14.41 on Wednesday. The firm has a market cap of $210.96 million, a P/E ratio of -6.11 and a beta of 2.97. The business has a 50 day moving average price of $9.18 and a 200 day moving average price of $7.46. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48.
Hedge Funds Weigh In On Quantum
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Quantum by 337.5% in 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 during the period. BNP Paribas Financial Markets lifted its holdings in shares of Quantum by 322.1% during the 3rd 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 period. NBC Securities Inc. bought a new position in shares of Quantum during the 4th quarter worth about $26,000. Raymond James Financial Inc. acquired a new stake in shares of Quantum during the 2nd quarter valued at about $46,000. Finally, Riverview Capital Advisers LLC acquired a new stake in shares of Quantum during the 3rd quarter valued at about $99,000. 63.66% of the stock is currently owned by institutional investors.
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.
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