Quantum (NASDAQ:QMCO) Rating Increased to Outperform at Northland Securities

Quantum (NASDAQ:QMCO) was upgraded by equities researchers at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday. The brokerage presently has a $24.00 target price on the stock. Northland Securities’ price objective points to a potential upside of 25.12% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Lake Street Capital restated a “buy” rating and set a $24.00 price target on shares of Quantum in a report on Tuesday. Needham & Company LLC began coverage on shares of Quantum in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research note on Wednesday, June 24th. Finally, Litchfield Hills Research began coverage on Quantum in a report on Monday. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Quantum Stock Performance

QMCO stock traded up $7.40 during midday trading on Tuesday, hitting $19.18. 12,615,281 shares of the company’s stock were exchanged, compared to its average volume of 850,659. The company has a market cap of $755.77 million, a PE ratio of -2.34 and a beta of 2.97. Quantum has a one year low of $4.19 and a one year high of $19.15. The stock’s fifty day moving average price is $11.98 and its 200-day moving average price is $8.50.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.35. The firm had revenue of $80.80 million for 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, analysts expect that Quantum will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Quantum

Several hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new position in Quantum in the 4th quarter worth $26,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 2,234 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 acquiring an additional 2,641 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Quantum during the second quarter valued at approximately $46,000. Finally, R Squared Ltd bought a new position in shares of Quantum during the 1st quarter valued at approximately $58,000. 63.66% of the stock is owned by institutional investors.

More Quantum News

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Strong earnings and revenue beat: Quantum reported adjusted EPS of $0.18, versus analyst expectations for a $0.17 loss, while revenue reached $80.8 million—26% above the prior-year period and ahead of the roughly $75 million consensus estimate. Quantum Corp. Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Improved operating performance: Non-GAAP adjusted net income was $4.0 million and adjusted EBITDA was $8.0 million. Operating expenses declined year over year, supporting investor confidence in the company’s cost-control efforts. Quantum Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Debt eliminated and guidance raised: Quantum reported zero outstanding debt and $54.6 million in cash, cash equivalents and restricted cash at quarter-end. Fiscal Q2 2027 revenue guidance of $80 million to $84 million and adjusted EPS guidance of $0.02 to $0.22 both exceeded consensus estimates. Quantum Reports $80.8 Million Revenue for Fiscal Q1 2027
• Positive Sentiment: Speculative demand increased: Investors purchased approximately 5,709 QMCO call options, about 813% above the average daily volume, signaling heightened bullish trading interest.
• Neutral Sentiment: GAAP results remain weak: Quantum posted a $155.3 million GAAP net loss, or $7.06 per share, largely because of one-time debt-elimination charges. The discrepancy between GAAP and adjusted results may contribute to continued volatility. Quantum Corp. Stock Rockets on Q1 Performance
• Negative Sentiment: Insider selling is a cautionary signal: Company insiders reported four sales and no purchases during the past six months, including sales by the CEO and other senior executives.

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.