Qumu (NASDAQ:QUMU) Upgraded to “Hold” at ValuEngine

Qumu (NASDAQ:QUMU) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Qumu from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st.

Qumu stock remained flat at $$2.51 during mid-day trading on Tuesday. 1 shares of the company’s stock traded hands, compared to its average volume of 29,555. The stock has a market cap of $33.49 million, a PE ratio of -2.61 and a beta of 0.24. Qumu has a one year low of $2.01 and a one year high of $4.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50-day moving average of $2.59 and a two-hundred day moving average of $3.10.

Qumu (NASDAQ:QUMU) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.12. The company had revenue of $6.67 million for the quarter. Qumu had a negative net margin of 18.14% and a negative return on equity of 68.24%. As a group, equities analysts expect that Qumu will post -0.55 EPS for the current year.

In other Qumu news, major shareholder Harbert Discovery Fund Gp, Llc bought 100,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $2.50 per share, for a total transaction of $250,000.00. Also, CEO Vern Hanzlik bought 20,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $2.50 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the chief executive officer now owns 245,016 shares of the company’s stock, valued at approximately $612,540. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 136,000 shares of company stock worth $340,000. Insiders own 23.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Qumu by 12.4% during the second quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after acquiring an additional 84,190 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Qumu by 8.5% during 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 during the period. Vanguard Group Inc. lifted its holdings in shares of Qumu by 135.4% during 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 during the period. Worth Venture Partners LLC acquired a new stake in shares of Qumu during the second quarter worth $433,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Qumu during the third quarter worth $302,000. Institutional investors and hedge funds own 26.98% of the company’s stock.

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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