Brokerages Set Quantum Corporation (NASDAQ:QMCO) Price Target at $13.67

Quantum Corporation (NASDAQ:QMCO) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.6667.

A number of brokerages have issued reports on QMCO. Lake Street Capital started coverage on Quantum in a research report on Wednesday, March 25th. They set a “buy” rating and a $8.00 price target for the company. Wall Street Zen upgraded shares of Quantum from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Friday, March 27th.

Quantum Trading Down 3.2%

Shares of NASDAQ:QMCO opened at $6.97 on Friday. The firm’s 50 day moving average is $5.65 and its two-hundred day moving average is $7.32. The firm has a market capitalization of $102.04 million, a P/E ratio of -2.95 and a beta of 2.68. Quantum has a 52 week low of $4.19 and a 52 week high of $15.33.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.09. The business had revenue of $74.59 million for the quarter, compared to analyst estimates of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. Analysts predict that Quantum will post -2.58 EPS for the current year.

Institutional Trading of Quantum

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Quantum during the fourth quarter worth approximately $77,000. Millennium Management LLC acquired a new stake in shares of Quantum during the 4th quarter valued at $73,000. Engineers Gate Manager LP acquired a new stake in shares of Quantum during the 4th quarter valued at $106,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Quantum during the 4th quarter worth $103,000. Finally, Barclays PLC boosted its stake in shares of Quantum by 3,020.2% during the 4th quarter. Barclays PLC now owns 14,197 shares of the company’s stock worth $92,000 after acquiring an additional 13,742 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

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.