Qumu Corp (QUMU) Given Consensus Rating of “Hold” by Analysts
Shares of Qumu Corp (NASDAQ:QUMU) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Qumu an industry rank of 204 out of 257 based on the ratings given to its competitors.
QUMU has been the subject of a number of analyst reports. Zacks Investment Research raised Qumu from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Wednesday, August 15th. LADENBURG THALM/SH SH reaffirmed a “hold” rating on shares of Qumu in a research note on Friday, November 9th.
Qumu (NASDAQ:QUMU) last announced its quarterly earnings results on Wednesday, October 31st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.37). Qumu had a negative net margin of 27.26% and a negative return on equity of 80.49%. The company had revenue of $5.65 million during the quarter. Equities research analysts predict that Qumu will post -0.79 earnings per share for the current fiscal year.
In other Qumu news, major shareholder Harbert Discovery Fund Gp, Llc bought 47,193 shares of Qumu stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $2.52 per share, with a total value of $118,926.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.00% of the company’s stock.
Qumu Company Profile
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
Featured Story: How to Invest in Marijuana Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.