Quantum Corporation (NASDAQ:QMCO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately bullish: Four of five brokerages rate Quantum a “buy,” while one has a sell rating; the average 12-month price target is $24.00.
• Institutional ownership increased: Several funds initiated or expanded positions in the second quarter, and institutional investors now own 63.66% of Quantum’s outstanding shares.
• Recent financial results exceeded expectations: Quantum reported quarterly EPS of $0.18 versus the consensus estimate of a $0.17 loss, while revenue reached $80.8 million compared with the $75.05 million forecast.

Quantum Corporation (NASDAQ:QMCO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.00.

Several research analysts have issued reports on the stock. Lake Street Capital restated a "buy" rating and issued a $24.00 price target (up from $20.00) on shares of Quantum in a research report on Tuesday, August 11th. Needham & Company LLC started coverage on Quantum in a research report on Wednesday, June 3rd. They set a "buy" rating for the company. Northland Securities raised Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 price objective for the company in a research note on Tuesday, August 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Quantum in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Quantum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th.

Institutional Trading of Quantum

Several institutional investors and hedge funds have recently bought and sold shares of QMCO. Susquehanna Fundamental Investments LLC purchased a new stake in Quantum during the second quarter valued at about $381,000. Alyeska Investment Group L.P. purchased a new position in shares of Quantum in the second quarter worth approximately $29,193,000. Bank of America Corp DE raised its holdings in shares of Quantum by 730.5% during the second quarter. Bank of America Corp DE now owns 170,130 shares of the company's stock valued at $1,871,000 after acquiring an additional 149,645 shares during the period. Man Group plc acquired a new position in Quantum in the 2nd quarter worth approximately $755,000. Finally, Manatuck Hill Partners LLC acquired a new position in Quantum in the 2nd quarter worth approximately $3,850,000. Institutional investors and hedge funds own 63.66% of the company's stock.

Quantum Trading Up 6.7%

Shares of Quantum stock opened at $24.30 on Friday. Quantum has a 52 week low of $4.19 and a 52 week high of $27.80. The stock has a market cap of $957.66 million, a PE ratio of -1.84 and a beta of 3.14. The company's 50-day moving average price is $15.24 and its two-hundred day moving average price is $10.61.

Quantum (NASDAQ:QMCO - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.35. The business had revenue of $80.80 million for 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, equities analysts predict that Quantum will post 0.31 EPS for the current fiscal year.

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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