Quantum Corporation (NASDAQ:QMCO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Quantum Corporation (NASDAQ:QMCO) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.6667.

A number of research firms have weighed in on QMCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research note on Monday, December 29th. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Friday, November 14th. Finally, Northland Capmk upgraded Quantum from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th.

Institutional Investors Weigh In On Quantum

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Quantum by 18.3% during the third quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock worth $3,012,000 after purchasing an additional 46,919 shares during the period. Marshall Wace LLP purchased a new stake in shares of Quantum during the second quarter worth $1,775,000. UBS Group AG increased its holdings in Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock worth $1,613,000 after buying an additional 102,384 shares during the last quarter. Geode Capital Management LLC raised its position in Quantum by 9.1% during the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after acquiring an additional 5,806 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Quantum by 655.0% in the third quarter. AlphaQuest LLC now owns 35,536 shares of the company’s stock worth $353,000 after acquiring an additional 30,829 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Quantum Stock Performance

Shares of QMCO opened at $7.91 on Friday. Quantum has a 1 year low of $6.22 and a 1 year high of $41.00. The stock has a market capitalization of $108.53 million, a P/E ratio of -2.60 and a beta of 2.62. The company’s fifty day moving average is $7.68 and its two-hundred day moving average is $8.58.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.54) EPS 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. Sell-side analysts predict that Quantum will post -5.5 EPS for the current year.

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.