Qumu Corp. (NASDAQ:QUMU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to 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 3.1401 on Wednesday. The stock’s market cap is $28.99 million. The company’s 50 day moving average is $2.64 and its 200 day moving average is $3.87. Qumu Corp. has a 52 week low of $2.10 and a 52 week high of $5.50.
Qumu Corp. (NASDAQ:QUMU) last released its earnings results on Tuesday, August 2nd. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.06. The company had revenue of $6.50 million for the quarter, compared to analyst estimates of $8.86 million. Qumu Corp. had a negative net margin of 16.49% and a negative return on equity of 19.88%. The firm’s quarterly revenue was down 25.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.75) EPS. Equities analysts predict that Qumu Corp. will post ($1.44) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in QUMU. Renaissance Technologies LLC boosted its position in shares of Qumu Corp. by 1.7% in the first quarter. Renaissance Technologies LLC now owns 610,959 shares of the company’s stock valued at $2,817,000 after buying an additional 10,200 shares in the last quarter. Perkins Capital Management Inc. boosted its position 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. Teton Advisors Inc. boosted its position 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. Keane Capital Partners LLC boosted its position 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. Finally, Bridgeway Capital Management Inc. boosted its position 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. 51.28% of the stock is currently owned by institutional investors.
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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