Quantum (NASDAQ:QMCO) Earns Market Perform Rating from Oppenheimer

Quantum (NASDAQ:QMCO)‘s stock had its “market perform” rating reaffirmed by research analysts at Oppenheimer in a report issued on Wednesday, Benzinga reports.

Quantum Stock Performance

Shares of NASDAQ:QMCO opened at $0.43 on Wednesday. Quantum has a 52 week low of $0.24 and a 52 week high of $1.32. The company’s fifty day moving average is $0.53 and its 200-day moving average is $0.44. The company has a market capitalization of $41.21 million, a PE ratio of -1.06 and a beta of 2.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Quantum by 151.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,066 shares of the company’s stock valued at $39,000 after buying an additional 38,592 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Quantum in the third quarter valued at about $112,000. Goldman Sachs Group Inc. raised its holdings in shares of Quantum by 180.0% in the second quarter. Goldman Sachs Group Inc. now owns 509,785 shares of the company’s stock valued at $724,000 after buying an additional 327,739 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Quantum by 17.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 126,000 shares of the company’s stock valued at $179,000 after buying an additional 18,720 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Quantum in the second quarter valued at about $1,331,000. 63.66% of the stock is 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.