Qumu (NASDAQ:QUMU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, January 4th. The firm presently has a $2.75 price target on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 43.98% from the stock’s current price.

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 (QUMU) opened at $1.91 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. Qumu has a 12 month low of $1.80 and a 12 month high of $3.28. The stock has a market cap of $18.78, a price-to-earnings ratio of -1.99 and a beta of -0.58.

Qumu (NASDAQ:QUMU) last announced its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Qumu had a negative return on equity of 56.82% and a negative net margin of 28.91%. sell-side analysts predict that Qumu will post -0.91 earnings per share for the current fiscal year.

In other news, major shareholder Harbert Discovery Fund Gp, Llc bought 156,709 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $2.44 per share, for a total transaction of $382,369.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Discovery Fund Lp Harbert bought 87,300 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $2.46 per share, with a total value of $214,758.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 304,927 shares of company stock worth $746,800. Company insiders own 14.30% of the company’s stock.

A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp raised its holdings in shares of Qumu Corp (NASDAQ:QUMU) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,745 shares of the technology company’s stock after buying an additional 3,144 shares during the period. Northern Trust Corp owned about 0.38% of Qumu worth $104,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.81% of the company’s stock.

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About Qumu

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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