Quantum (OTCMKTS:QMCO) had its price objective raised by investment analysts at B. Riley from $7.75 to $9.50 in a research report issued to clients and investors on Monday, January 6th, The Fly reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 31.03% from the company’s current price.
QMCO has been the subject of several other research reports. ValuEngine downgraded shares of Quantum from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Zacks Investment Research upgraded shares of Quantum from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.92.
Shares of OTCMKTS:QMCO opened at $7.25 on Monday. Quantum has a fifty-two week low of $1.40 and a fifty-two week high of $7.44. The firm’s 50 day moving average price is $6.56 and its 200 day moving average price is $5.43.
Quantum (OTCMKTS:QMCO) last posted its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.13. The company had revenue of $105.79 million during the quarter, compared to analysts’ expectations of $101.50 million. As a group, analysts predict that Quantum will post 0.01 earnings per share for the current fiscal year.
In other Quantum news, major shareholder Br Dialectic Capital Managemen sold 969,900 shares of Quantum stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $5.75, for a total value of $5,576,925.00. Corporate insiders own 18.60% of the company’s stock.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information.
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