Quantum’s (QMCO) Market Perform Rating Reiterated at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Quantum (NASDAQ:QMCO) in a report published 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 Stock Performance

Shares of NASDAQ QMCO opened at $3.28 on Thursday. The stock’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $6.49. Quantum has a 52-week low of $2.22 and a 52-week high of $18.00.

Hedge Funds Weigh In On Quantum

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

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.