Zacks Investment Research upgraded shares of Qumu Corp. (NASDAQ:QUMU) from a sell rating to a hold rating in a report issued on Wednesday morning.

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. “

Qumu Corp. (NASDAQ:QUMU) opened at 3.19 on Wednesday. Qumu Corp. has a 1-year low of $2.10 and a 1-year high of $5.50. The firm’s 50 day moving average is $2.68 and its 200 day moving average is $3.82. The stock’s market capitalization is $29.45 million.

Qumu Corp. (NASDAQ:QUMU) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $6.50 million for the quarter, compared to analysts’ expectations of $8.86 million. During the same period in the previous year, the company earned ($0.75) EPS. Qumu Corp.’s revenue for the quarter was down 25.6% compared to the same quarter last year. On average, equities research analysts anticipate that Qumu Corp. will post ($1.44) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of QUMU. Jacobs Levy Equity Management Inc. increased its position in Qumu Corp. by 192.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 50,324 shares of the company’s stock valued at $232,000 after buying an additional 33,126 shares during the last quarter. Keane Capital Partners LLC purchased a new stake in shares of Qumu Corp. during the first quarter valued at about $314,000. Bridgeway Capital Management Inc. boosted its stake in shares of Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock valued at $378,000 after buying an additional 48,800 shares during the period. Teton Advisors Inc. boosted its stake in shares of Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock valued at $899,000 after buying an additional 1,000 shares during the period. Finally, Perkins Capital Management Inc. boosted its stake in shares of Qumu Corp. by 120.6% in the second quarter. Perkins Capital Management Inc. now owns 300,010 shares of the company’s stock valued at $1,332,000 after buying an additional 164,010 shares during the period. 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

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