Quantum (NASDAQ:QMCO) Trading 4.9% Higher – Still a Buy?
by Renee Jackson · The Cerbat GemQuantum Corporation (NASDAQ:QMCO – Get Free Report) shares traded up 4.9% during trading on Wednesday . The company traded as high as $7.46 and last traded at $7.25. 967,475 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 412,912 shares. The stock had previously closed at $6.91.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Quantum from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum in a research report on Friday, March 27th. Finally, Lake Street Capital started coverage on shares of Quantum in a research report on Wednesday, March 25th. They issued a “buy” rating and a $8.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Quantum presently has an average rating of “Moderate Buy” and a consensus target price of $13.67.
Check Out Our Latest Analysis on QMCO
Quantum Trading Up 4.9%
The stock’s 50 day moving average price is $5.54 and its 200 day moving average price is $7.44. The company has a market capitalization of $106.14 million, a price-to-earnings ratio of -3.07 and a beta of 2.68.
Quantum (NASDAQ:QMCO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates 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. On average, research analysts expect that Quantum Corporation will post -5.5 earnings per share for the current year.
Institutional Investors Weigh In On Quantum
Several hedge funds have recently bought and sold shares of QMCO. NBC Securities Inc. acquired a new stake in Quantum in the 4th quarter valued at about $26,000. Bank of America Corp DE lifted its stake in 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 purchasing an additional 2,234 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Quantum by 322.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock valued at $34,000 after purchasing an additional 2,641 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Quantum in the 2nd quarter valued at about $46,000. Finally, Hollencrest Capital Management lifted its stake in Quantum by 228.0% in the 3rd quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock valued at $65,000 after purchasing an additional 4,560 shares during the last quarter. 63.66% of the stock is currently 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.