Susquehanna Fundamental Investments LLC Makes New Investment in Quantum Corporation $QMCO

Susquehanna Fundamental Investments LLC bought a new stake in Quantum Corporation (NASDAQ:QMCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,601 shares of the company’s stock, valued at approximately $381,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Quantum at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in Quantum during the 2nd quarter worth approximately $29,193,000. Two Seas Capital LP acquired a new position in Quantum in the 2nd quarter valued at $27,374,000. Manatuck Hill Partners LLC bought a new position in Quantum during the 2nd quarter worth $3,850,000. Vanguard Group Inc. increased its position in Quantum by 18.3% during the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock worth $3,012,000 after buying an additional 46,919 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Quantum during the second quarter worth $3,003,000. Institutional investors own 63.66% of the company’s stock.

Wall Street Analysts Forecast Growth

QMCO has been the topic of several research reports. Needham & Company LLC initiated coverage on shares of Quantum in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Lake Street Capital restated a “buy” rating and set a $24.00 target price (up from $20.00) on shares of Quantum in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Wednesday, June 24th. Finally, Litchfield Hills Research assumed coverage on Quantum in a research note on Monday, August 10th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Quantum Trading Down 5.8%

Shares of NASDAQ QMCO opened at $22.78 on Thursday. The company has a market cap of $897.76 million, a price-to-earnings ratio of -1.72 and a beta of 3.14. The stock has a 50-day moving average price of $15.01 and a two-hundred day moving average price of $10.48. Quantum Corporation has a 12 month low of $4.19 and a 12 month high of $27.80.

Quantum (NASDAQ:QMCO) last issued its earnings results 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 company had revenue of $80.80 million during the quarter, compared to analyst estimates of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. On average, sell-side analysts predict that Quantum Corporation will post 0.31 earnings per share for the current year.

Quantum 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.