Quantum Corporation (NASDAQ:QMCO) Stock Has Consensus Price Target of $27.33 According to Brokerages

Shares of Quantum Corporation (NASDAQ:QMCO) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.33.

QMCO has been the topic of a number of research analyst reports. Cantor Fitzgerald began coverage on Quantum in a report on Friday, October 23rd. They issued an “overweight” rating and a $29.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a report on Monday, September 21st. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Northland Securities upgraded shares of Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 11th. Finally, Lake Street Capital set a $29.00 target price on shares of Quantum and gave the stock a “buy” rating in a report on Monday, September 14th.

Hedge Funds Weigh In On Quantum

Several institutional investors have recently bought and sold shares of QMCO. R Squared Ltd purchased a new stake in shares of Quantum during the 1st quarter valued at about $58,000. Squarepoint Ops LLC purchased a new position in Quantum in the second quarter worth about $372,000. Susquehanna Fundamental Investments LLC purchased a new position in Quantum in the second quarter worth about $381,000. Man Group plc purchased a new position in Quantum in the second quarter worth about $755,000. Finally, Sona Asset Management US LLC bought a new stake in Quantum during the first quarter worth approximately $333,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Quantum Trading Up 2.3%

Quantum stock opened at $20.72 on Friday. The firm has a 50 day moving average of $24.79 and a 200 day moving average of $12.97. The firm has a market capitalization of $816.58 million, a price-to-earnings ratio of -1.56 and a beta of 3.08. Quantum has a 12-month low of $4.19 and a 12-month high of $35.65.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.35. The firm had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $75.05 million. Quantum has set its Q2 2027 guidance at 0.020-0.220 EPS. On average, analysts predict that Quantum will post 0.31 EPS for the current year.

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.