Qumu Corp. (NASDAQ:QUMU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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 Corp. (NASDAQ:QUMU) traded up 1.17% during mid-day trading on Wednesday, reaching $2.59. 257 shares of the company’s stock were exchanged. Qumu Corp. has a one year low of $2.10 and a one year high of $5.50. The company’s market capitalization is $23.91 million. The company’s 50-day moving average price is $2.63 and its 200-day moving average price is $3.88.

Qumu Corp. (NASDAQ:QUMU) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.06. Qumu Corp. had a negative net margin of 16.49% and a negative return on equity of 19.88%. The firm earned $6.50 million during the quarter, compared to the consensus estimate of $8.86 million. During the same quarter in the prior year, the business posted ($0.75) earnings per share. The firm’s quarterly revenue was down 25.6% on a year-over-year basis. On average, equities analysts expect that Qumu Corp. will post ($1.44) earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Qumu Corp. by 1.7% in the first quarter. Renaissance Technologies LLC now owns 610,959 shares of the company’s stock worth $2,817,000 after buying an additional 10,200 shares in the last quarter. Perkins Capital Management Inc. boosted its stake in Qumu Corp. by 120.6% in the second quarter. Perkins Capital Management Inc. now owns 300,010 shares of the company’s stock worth $1,332,000 after buying an additional 164,010 shares in the last quarter. Teton Advisors Inc. boosted its stake in Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock worth $899,000 after buying an additional 1,000 shares in the last quarter. Keane Capital Partners LLC boosted its stake in Qumu Corp. by 87.6% in the second quarter. Keane Capital Partners LLC now owns 127,570 shares of the company’s stock worth $566,000 after buying an additional 59,559 shares in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its stake in Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock worth $378,000 after buying an additional 48,800 shares in the last quarter. Institutional investors and hedge funds own 51.28% of the company’s stock.

Qumu Corp. Company Profile

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.

5 Day Chart for NASDAQ:QUMU

Receive News & Stock Ratings for Qumu Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu Corp. and related stocks with our FREE daily email newsletter.