Shares of Quantum Corporation (NASDAQ:QMCO – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.50.
A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Litchfield Hills Research began coverage on Quantum in a research report on Monday, August 10th. They issued a “buy” rating for the company. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Tuesday, August 11th. Lake Street Capital set a $29.00 price objective on Quantum and gave the company a “buy” rating in a research note on Monday, September 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st.
Get Our Latest Stock Analysis on Quantum
Quantum Stock Up 0.5%
Quantum (NASDAQ:QMCO – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.35. The business had revenue of $80.80 million during the quarter, compared to the consensus estimate of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. On average, sell-side analysts expect that Quantum will post 0.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Quantum
Institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd bought a new stake in Quantum during the first quarter valued at $58,000. Sona Asset Management US LLC purchased a new stake in shares of Quantum in the 1st quarter valued at about $333,000. Squarepoint Ops LLC purchased a new stake in shares of Quantum in the 2nd quarter valued at about $372,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Quantum during the 2nd quarter valued at about $381,000. Finally, Man Group plc bought a new stake in shares of Quantum during the 2nd quarter valued at about $755,000. 63.66% of the stock is owned by hedge funds and other institutional investors.
Quantum Company Profile
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.
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