Qumu (NASDAQ:QUMU) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Qumu (NASDAQ:QUMU – Get Rating) in a report released on Sunday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, Zacks Investment Research downgraded shares of Qumu from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.

Qumu stock opened at $1.00 on Friday. The company has a market cap of $17.81 million, a PE ratio of -1.02 and a beta of 1.65. The company has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.24. Qumu has a 12 month low of $0.92 and a 12 month high of $5.05.

Qumu (NASDAQ:QUMU – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). Qumu had a negative return on equity of 118.73% and a negative net margin of 71.54%. During the same quarter last year, the company posted ($0.29) earnings per share. Equities research analysts anticipate that Qumu will post -0.79 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Perkins Capital Management Inc. boosted its holdings in shares of Qumu by 6.1% during the first quarter. Perkins Capital Management Inc. now owns 297,700 shares of the technology company’s stock valued at $524,000 after acquiring an additional 17,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Qumu by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 125,829 shares of the technology company’s stock valued at $266,000 after purchasing an additional 7,804 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Qumu by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 772,478 shares of the technology company’s stock valued at $1,638,000 after purchasing an additional 33,722 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Qumu by 118.2% during the fourth quarter. Keudell Morrison Wealth Management now owns 24,000 shares of the technology company’s stock valued at $51,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Qumu by 341.5% during the third quarter. Two Sigma Advisers LP now owns 221,200 shares of the technology company’s stock valued at $549,000 after purchasing an additional 171,100 shares in the last quarter. 38.32% of the stock is owned by institutional investors.

Qumu Company Profile (Get Rating)

Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers perpetual software licenses, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and training services.

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