Qumu Corp. (NASDAQ:QUMU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “
Shares of Qumu Corp. (NASDAQ:QUMU) opened at 3.20 on Wednesday. Qumu Corp. has a 1-year low of $2.10 and a 1-year high of $5.50. The stock’s market capitalization is $29.54 million. The firm’s 50-day moving average price is $2.68 and its 200 day moving average price is $3.82.
Qumu Corp. (NASDAQ:QUMU) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.06. Qumu Corp. had a negative net margin of 16.49% and a negative return on equity of 19.88%. The company earned $6.50 million during the quarter, compared to analyst estimates of $8.86 million. During the same quarter in the prior year, the company posted ($0.75) earnings per share. The firm’s revenue for the quarter was down 25.6% on a year-over-year basis. Analysts expect that Qumu Corp. will post ($1.44) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in QUMU. Perkins Capital Management Inc. increased 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. Keane Capital Partners LLC acquired a new stake in shares of Qumu Corp. during the first quarter valued at $314,000. Bridgeway Capital Management Inc. increased 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. Jacobs Levy Equity Management Inc. increased 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. Finally, Teton Advisors Inc. increased 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. Institutional investors own 51.28% of the company’s stock.
About Qumu Corp.
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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