Qumu (NASDAQ:QUMU) was upgraded by equities researchers at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Separately, Zacks Investment Research cut shares of Qumu from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th.

Shares of NASDAQ:QUMU opened at $2.40 on Tuesday. The company has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.21. Qumu has a one year low of $1.25 and a one year high of $4.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $33.42 million, a price-to-earnings ratio of -2.79 and a beta of 1.01.

Qumu (NASDAQ:QUMU) last announced its earnings results on Tuesday, May 5th. The technology company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The business had revenue of $6.23 million during the quarter. Qumu had a negative net margin of 33.34% and a negative return on equity of 111.64%. As a group, research analysts forecast that Qumu will post -0.45 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of QUMU. Penn Capital Management Co. Inc. purchased a new position in Qumu in the fourth quarter valued at about $164,000. Raffles Associates LP purchased a new position in Qumu in the first quarter valued at about $166,000. White Pine Capital LLC increased its holdings in Qumu by 17.2% in the first quarter. White Pine Capital LLC now owns 121,100 shares of the technology company’s stock valued at $201,000 after buying an additional 17,800 shares in the last quarter. Manatuck Hill Partners LLC purchased a new position in Qumu in the fourth quarter valued at about $392,000. Finally, BlackRock Inc. increased its holdings in Qumu by 2.5% in the first quarter. BlackRock Inc. now owns 301,280 shares of the technology company’s stock valued at $499,000 after buying an additional 7,403 shares in the last quarter. 36.55% of the stock is owned by institutional investors.

Qumu Company Profile

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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