Quantum (NASDAQ:QMCO) Receives “Market Perform” Rating from Northland Securities

Northland Securities restated their market perform rating on shares of Quantum (NASDAQ:QMCO) in a research note released on Thursday morning,Benzinga reports. Northland Securities currently has a $5.00 price target on the stock, up from their prior price target of $0.25.

Quantum Stock Up 2.8 %

QMCO opened at $3.28 on Thursday. The business has a 50-day moving average of $3.88 and a 200-day moving average of $6.47. Quantum has a fifty-two week low of $2.22 and a fifty-two week high of $18.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quantum stock. Tidal Investments LLC acquired a new stake in Quantum Co. (NASDAQ:QMCO) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,165 shares of the company’s stock, valued at approximately $26,000. 63.66% of the stock is currently 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.