The Qumu Corp. (QUMU) Raised to Hold at Zacks Investment Research

The Qumu Corp. (QUMU) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Qumu Corp. (NASDAQ:QUMU) from a sell rating to a hold rating in a research report released on Wednesday morning.

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. “

Shares of Qumu Corp. (NASDAQ:QUMU) opened at 3.185 on Wednesday. Qumu Corp. has a 52-week low of $2.10 and a 52-week high of $5.50. The firm’s 50-day moving average price is $2.74 and its 200 day moving average price is $3.78. The company’s market capitalization is $29.40 million.

Qumu Corp. (NASDAQ:QUMU) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.06. The company earned $6.50 million during the quarter, compared to analysts’ expectations of $8.86 million. Qumu Corp. had a negative return on equity of 19.88% and a negative net margin of 16.49%. The firm’s revenue for the quarter was down 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.75) EPS. On average, equities analysts forecast that Qumu Corp. will post ($1.44) earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. Keane Capital Partners LLC boosted its stake in shares of Qumu Corp. by 87.6% in the second quarter. Keane Capital Partners LLC now owns 127,570 shares of the company’s stock valued at $566,000 after buying an additional 59,559 shares in the last quarter. Bridgeway Capital Management Inc. boosted its stake in shares of 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. Teton Advisors Inc. boosted its stake in shares of 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. Perkins Capital Management Inc. boosted its stake in shares of 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. Finally, Jacobs Levy Equity Management Inc. boosted 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 valued at $232,000 after buying an additional 33,126 shares in the last quarter. Hedge funds and other institutional investors own 51.28% of the company’s stock.

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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