Shares of Qumu Corp (NASDAQ:QUMU) have been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating. Qumu’s rating score has improved by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $6.00 for the company and are expecting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Qumu an industry rank of 169 out of 256 based on the ratings given to related companies.
QUMU has been the subject of a number of recent research reports. ValuEngine downgraded Qumu from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Dougherty & Co initiated coverage on Qumu in a research note on Wednesday, July 10th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded Qumu from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of Qumu in the second quarter worth $55,000. Worth Venture Partners LLC bought a new position in shares of Qumu in the second quarter worth $433,000. Vanguard Group Inc. grew its stake in shares of Qumu by 135.4% in the second quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 144,375 shares in the last quarter. BlackRock Inc. grew its stake in shares of Qumu by 8.5% in the second quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock worth $1,224,000 after purchasing an additional 23,021 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Qumu by 12.4% in the second quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after purchasing an additional 84,190 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.
Shares of QUMU stock traded up $0.04 on Monday, hitting $3.08. 4,400 shares of the stock traded hands, compared to its average volume of 41,327. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 0.68. Qumu has a 1-year low of $1.85 and a 1-year high of $4.78. The company’s fifty day moving average is $3.88 and its 200 day moving average is $3.17.
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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