Zacks: Qumu Corp (NASDAQ:QUMU) Receives Average Rating of “Hold” from Brokerages

Shares of Qumu Corp (NASDAQ:QUMU) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Qumu an industry rank of 226 out of 256 based on the ratings given to its competitors.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Qumu from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine upgraded shares of Qumu from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Craig Hallum upgraded shares of Qumu from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th.

A hedge fund recently raised its stake in Qumu stock. Renaissance Technologies LLC grew its position in shares of Qumu Corp (NASDAQ:QUMU) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 681,181 shares of the technology company’s stock after purchasing an additional 3,529 shares during the period. Renaissance Technologies LLC owned 6.96% of Qumu worth $1,669,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

NASDAQ:QUMU opened at $3.06 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. Qumu has a twelve month low of $1.85 and a twelve month high of $4.78. The stock has a market cap of $28.39 million and a price-to-earnings ratio of -3.19.

Qumu (NASDAQ:QUMU) last posted its earnings results on Tuesday, April 30th. The technology company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.13. Qumu had a negative net margin of 0.14% and a negative return on equity of 0.59%. The firm had revenue of $7.10 million during the quarter.

About Qumu

Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers 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.

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