Qumu Corp. (QUMU) Rating Increased to Hold at Zacks Investment Research
Qumu Corp. (NASDAQ:QUMU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
Qumu Corp. (NASDAQ:QUMU) opened at 3.19 on Wednesday. Qumu Corp. has a 1-year low of $2.10 and a 1-year high of $5.50. The firm’s 50-day moving average price is $2.71 and its 200-day moving average price is $3.81. The company’s market cap is $29.45 million.
Qumu Corp. (NASDAQ:QUMU) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.06. The company had revenue of $6.50 million for the quarter, compared to the consensus estimate of $8.86 million. Qumu Corp. had a negative return on equity of 19.88% and a negative net margin of 16.49%. The business’s revenue for the quarter was down 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.75) earnings per share. Equities research analysts forecast that Qumu Corp. will post ($1.44) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Qumu Corp. by 192.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 50,324 shares of the company’s stock worth $232,000 after buying an additional 33,126 shares in the last quarter. Keane Capital Partners LLC acquired a new position in Qumu Corp. during the first quarter valued at about $314,000. Perkins Capital Management Inc. raised its position in Qumu Corp. by 120.6% in the second quarter. Perkins Capital Management Inc. now owns 300,010 shares of the company’s stock valued at $1,332,000 after buying an additional 164,010 shares in the last quarter. Teton Advisors Inc. raised its position in Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock valued at $899,000 after buying an additional 1,000 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its position in Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock valued at $378,000 after buying an additional 48,800 shares in the last quarter. 51.28% of the stock is owned by hedge funds and other institutional investors.
Qumu Corp. Company Profile
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients.
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