Quantum (NASDAQ:QMCO) Stock Falls 8.2% - Time to Sell?

Key Points

• Quantum shares fell 8.2% to $30.74 in mid-day trading, with volume below the stock’s average session volume.
• Analyst sentiment remains generally positive: four analysts rate the stock a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and a $26.50 target price—below the current share price.
• Quantum exceeded quarterly expectations with $0.18 in EPS versus a projected $0.17 loss and revenue of $80.8 million versus a $75.05 million estimate; institutional investors own 63.66% of the company.

Quantum Corporation (NASDAQ:QMCO - Get Free Report) was down 8.2% on Wednesday. The stock traded as low as $31.00 and last traded at $30.74. 871,654 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 1,069,004 shares. The stock had previously closed at $33.47.

Analyst Ratings Changes

QMCO has been the topic of a number of research reports. Lake Street Capital set a $29.00 price target on shares of Quantum and gave the company a "buy" rating in a research note on Monday, September 14th. Northland Securities raised shares of Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 target price for the company in a research note on Tuesday, August 11th. Litchfield Hills Research began coverage on shares of Quantum in a research report on Monday, August 10th. They set a "buy" rating on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Quantum in a research report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of Quantum from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Quantum Stock Performance

The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -2.33 and a beta of 3.08. The company's fifty day moving average is $22.97 and its two-hundred day moving average is $14.20.

Quantum (NASDAQ:QMCO - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.35. The business 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. As a group, analysts forecast that Quantum Corporation will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quantum

Large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in shares of Quantum during the second quarter valued at $29,193,000. Two Seas Capital LP bought a new stake in shares of Quantum in the 2nd quarter worth approximately $27,374,000. Manatuck Hill Partners LLC acquired a new stake in Quantum during the second quarter valued at approximately $3,850,000. BlackRock Inc. acquired a new position in Quantum in the second quarter worth approximately $3,003,000. Finally, Bank of America Corp DE raised its position 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 worth $1,871,000 after purchasing an additional 149,645 shares during the period. Institutional investors and hedge funds own 63.66% of the company's stock.

About Quantum

Quantum Corporation NASDAQ: QMCO provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its customers include businesses, media and entertainment companies, government agencies, research institutions and other organizations that require long-term data preservation, rapid access and secure information management.

The company's portfolio includes tape libraries and drives based on Linear Tape-Open (LTO) technology, disk-based backup and deduplication systems, and software for managing files, objects and data workflows.

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