Quantum (NASDAQ:QMCO) Raised to Hold at Wall Street Zen

Quantum (NASDAQ:QMCO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other analysts also recently issued reports about the stock. 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 research note on Friday, November 14th. Lake Street Capital set a $7.00 price target on Quantum in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Monday, December 29th. Three 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 has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Quantum Trading Down 3.6%

NASDAQ QMCO opened at $5.36 on Friday. Quantum has a 1 year low of $4.89 and a 1 year high of $24.40. The company has a market cap of $78.47 million, a PE ratio of -1.76 and a beta of 2.66. The stock’s 50-day moving average price is $6.82 and its two-hundred day moving average price is $8.13.

Quantum (NASDAQ:QMCO) last released its earnings results on Tuesday, February 17th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.09. The firm had revenue of $74.59 million during the quarter, compared to analysts’ expectations of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. Research analysts forecast that Quantum will post -5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Quantum in the 4th quarter worth about $26,000. Bank of America Corp DE grew its stake in shares of Quantum by 337.5% in the 3rd quarter. Bank of America Corp DE now owns 2,896 shares of the company’s stock valued at $29,000 after buying an additional 2,234 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Quantum by 322.1% in the third quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after buying an additional 2,641 shares during the last quarter. Raymond James Financial Inc. bought a new position in Quantum during the second quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. lifted its stake in Quantum by 99.4% in the second quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after acquiring an additional 2,809 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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.