Quantum Corporation (NASDAQ:QMCO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Quantum Corporation (NASDAQ:QMCO) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.6667.

Several research firms recently issued reports on QMCO. Northland Capmk raised Quantum from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, December 29th.

Hedge Funds Weigh In On Quantum

A number of institutional investors and hedge funds have recently bought and sold shares of QMCO. Bank of America Corp DE boosted its stake in shares of Quantum by 337.5% during the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock worth $29,000 after acquiring an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Quantum by 322.1% during the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after purchasing an additional 2,641 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Quantum in the 2nd quarter valued at $46,000. SBI Securities Co. Ltd. increased its stake in Quantum by 99.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock worth $56,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Hollencrest Capital Management increased its stake in Quantum by 228.0% in the 3rd quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock worth $65,000 after purchasing an additional 4,560 shares in the last quarter. Institutional investors own 63.66% of the company’s stock.

Quantum Stock Performance

Shares of NASDAQ:QMCO opened at $7.89 on Friday. Quantum has a 1 year low of $6.22 and a 1 year high of $41.00. The stock has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $8.56. The stock has a market capitalization of $108.25 million, a P/E ratio of -2.60 and a beta of 2.62.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.29). The company had revenue of $62.72 million for the quarter, compared to analysts’ expectations of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. Analysts predict that Quantum will post -5.5 earnings per share for the current 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.