Quantum (NASDAQ:QMCO) Upgraded at Northland Securities

Northland Securities upgraded shares of Quantum (NASDAQ:QMCO) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, Marketbeat.com reports. Northland Securities currently has $13.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Wednesday, October 8th. Finally, Needham & Company LLC set a $20.00 price objective on Quantum in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.67.

Quantum Price Performance

Shares of NASDAQ:QMCO opened at $7.87 on Friday. The company has a market capitalization of $105.45 million, a price-to-earnings ratio of -1.77 and a beta of 2.64. The firm’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $9.56. Quantum has a fifty-two week low of $2.88 and a fifty-two week high of $90.64.

Quantum (NASDAQ:QMCO) last posted its earnings results on Thursday, November 13th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.29). The business had revenue of $62.72 million during the quarter, compared to analysts’ expectations of $65.88 million. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. Equities research analysts expect that Quantum will post -5.5 earnings per share for the current year.

Hedge Funds Weigh In On Quantum

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after purchasing an additional 2,641 shares during the last quarter. Raymond James Financial Inc. bought a new position in Quantum during the second quarter worth about $46,000. SBI Securities Co. Ltd. boosted its holdings in Quantum by 99.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,636 shares of the company’s stock valued at $56,000 after purchasing an additional 2,809 shares during the period. Activest Wealth Management boosted its stake in shares of Quantum by 428,200.0% in the first quarter. Activest Wealth Management now owns 4,283 shares of the company’s stock valued at $62,000 after buying an additional 4,282 shares during the period. Finally, Hollencrest Capital Management increased its stake in Quantum by 228.0% during the 3rd quarter. Hollencrest Capital Management now owns 6,560 shares of the company’s stock worth $65,000 after acquiring an additional 4,560 shares during the period. 63.66% of the stock is owned by institutional investors.

About Quantum

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.