Quantum Corporation (NASDAQ:QMCO) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Quantum has a “Moderate Buy” consensus rating from five analysts: four rate the stock a buy and one rates it a sell. The average 12-month price target is $26.50.
• Institutional interest has increased, with major investors including Alyeska Investment Group and Two Seas Capital taking new positions; institutional investors collectively own 63.66% of the company.
• Quantum recently exceeded earnings expectations, reporting $0.18 in quarterly EPS versus a projected loss of $0.17, while revenue of $80.8 million topped estimates of $75.05 million.

Shares of Quantum Corporation (NASDAQ:QMCO - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are presently covering the stock, 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 price objective among brokers that have updated their coverage on the stock in the last year is $26.50.

Several equities analysts recently issued reports on the company. Litchfield Hills Research began coverage on Quantum in a report on Monday, August 10th. They set a "buy" rating for the company. Needham & Company LLC began coverage on shares of Quantum in a research report on Wednesday, June 3rd. They issued a "buy" rating on the stock. Weiss Ratings reissued 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 for the company in a report on Tuesday, August 11th. Finally, Lake Street Capital set a $29.00 target price on shares of Quantum and gave the stock a "buy" rating in a research report on Monday, September 14th.

Institutional Investors Weigh In On Quantum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new position in Quantum during the second quarter worth $29,193,000. Two Seas Capital LP purchased a new stake in shares of Quantum in the second quarter valued at $27,374,000. Manatuck Hill Partners LLC purchased a new stake in shares of Quantum in the second quarter valued at $3,850,000. BlackRock Inc. acquired a new stake in shares of Quantum during the second quarter valued at $3,003,000. Finally, Bank of America Corp DE increased its position in Quantum by 730.5% during the 2nd quarter. Bank of America Corp DE now owns 170,130 shares of the company's stock worth $1,871,000 after purchasing an additional 149,645 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company's stock.

Quantum Stock Down 0.9%

Shares of NASDAQ QMCO opened at $31.40 on Tuesday. Quantum has a 52 week low of $4.19 and a 52 week high of $33.01. The firm has a 50-day moving average price of $20.36 and a 200 day moving average price of $13.03. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -2.37 and a beta of 3.14.

Quantum (NASDAQ:QMCO - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.18 earnings per share 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 expect that Quantum will post 0.31 EPS for the current fiscal year.

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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