Northland Securities Reiterates Market Perform Rating for Quantum (NASDAQ:QMCO)

Quantum (NASDAQ:QMCO)‘s stock had its “market perform” rating reiterated by stock analysts at Northland Securities in a research note issued on Thursday,Benzinga reports. They presently have a $5.00 price target on the stock, up from their previous price target of $0.25. Northland Securities’ price objective would suggest a potential upside of 52.44% from the stock’s current price.

Quantum Price Performance

QMCO opened at $3.28 on Thursday. The company’s 50 day simple moving average is $3.88 and its 200-day simple moving average is $6.51. Quantum has a one year low of $2.22 and a one year high of $18.00.

Quantum (NASDAQ:QMCO) last released its earnings results on Tuesday, August 13th. The company reported ($40.00) EPS for the quarter, missing the consensus estimate of ($12.00) by ($28.00). The firm had revenue of $71.34 million during the quarter, compared to the consensus estimate of $72.00 million. On average, equities analysts anticipate that Quantum will post -3.4 EPS for the current fiscal year.

Institutional Trading of Quantum

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC acquired a new stake in shares of Quantum Co. (NASDAQ:QMCO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,165 shares of the company’s stock, valued at approximately $26,000. 63.66% of the stock is owned by institutional investors and hedge funds.

Quantum Company Profile

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.