Lake Street Capital Weighs in on Quantum Q1 Earnings

Key Points

• Lake Street Capital expects Quantum to report a Q1 2027 loss of $0.24 per share and maintains a “Buy” rating; the full-year consensus estimate is a loss of $0.28 per share.
• Analyst sentiment is mixed: two analysts rate Quantum “Buy,” one rates it “Hold” and one “Sell.” MarketBeat shows an overall “Hold” rating with an average price target of $17.67.
• Quantum shares opened at $12.04, while institutional investors and hedge funds own 63.66% of the stock; BlackRock and Marshall Wace recently initiated positions.

Quantum Corporation (NASDAQ:QMCO - Free Report) - Equities researchers at Lake Street Capital issued their Q1 2027 earnings per share estimates for shares of Quantum in a research report issued to clients and investors on Thursday, August 6th. Lake Street Capital analyst J. Stephan anticipates that the company will post earnings per share of ($0.24) for the quarter. Lake Street Capital currently has a "Buy" rating on the stock. The consensus estimate for Quantum's current full-year earnings is ($0.28) per share.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Quantum in a report on Wednesday, June 24th. Needham & Company LLC initiated coverage on Quantum in a report on Wednesday, June 3rd. They set a "buy" rating for the company. Finally, Northland Securities downgraded shares of Quantum from an "outperform" rating to a "market perform" rating and set a $13.00 target price on the stock. in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.67.

Quantum Price Performance

QMCO stock opened at $12.04 on Monday. Quantum has a twelve month low of $4.19 and a twelve month high of $18.48. The company has a market cap of $474.38 million, a P/E ratio of -1.50 and a beta of 2.97. The business has a fifty day moving average of $11.95 and a 200-day moving average of $8.47.

Institutional Investors Weigh In On Quantum

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Quantum during the 2nd quarter worth about $3,003,000. Marshall Wace LLP bought a new stake in shares of Quantum in the 2nd quarter valued at about $1,775,000. UBS Group AG raised its position in shares of Quantum by 170.0% in the 3rd quarter. UBS Group AG now owns 162,605 shares of the company's stock valued at $1,613,000 after acquiring an additional 102,384 shares during the period. Geode Capital Management LLC raised its position in shares of Quantum by 97.5% in the 4th quarter. Geode Capital Management LLC now owns 156,871 shares of the company's stock valued at $1,012,000 after acquiring an additional 77,444 shares during the period. Finally, Sona Asset Management US LLC bought a new position in Quantum during the 1st quarter worth approximately $333,000. 63.66% of the stock is owned by institutional investors and hedge funds.

About Quantum

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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