Quantum (NASDAQ:QMCO) Given Market Perform Rating at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Quantum (NASDAQ:QMCO) in a report issued on Thursday morning,Benzinga reports. Northland Securities currently has a $5.00 price objective on the stock, up from their previous price objective of $0.25.

Quantum Price Performance

Shares of QMCO traded up $0.32 during midday trading on Thursday, hitting $3.51. The company had a trading volume of 46,786 shares, compared to its average volume of 32,031. The company’s 50 day moving average price is $3.86 and its 200 day moving average price is $6.55. Quantum has a 52 week low of $2.22 and a 52 week high of $18.00.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($40.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($12.00) by ($28.00). The business had revenue of $71.34 million during the quarter, compared to analysts’ expectations of $72.00 million. Equities analysts expect that Quantum will post -3.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Quantum

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC purchased a new stake in Quantum Co. (NASDAQ:QMCO) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 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.

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.