Qumu (NASDAQ:QUMU) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Qumu (NASDAQ:QUMUGet Rating) in a research report issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

Shares of QUMU stock opened at $0.88 on Wednesday. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.63. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.70 million, a PE ratio of -0.90 and a beta of 1.66. Qumu has a 12 month low of $0.75 and a 12 month high of $4.20.

Qumu (NASDAQ:QUMUGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). Qumu had a negative return on equity of 118.73% and a negative net margin of 71.54%. The business had revenue of $4.94 million during the quarter, compared to the consensus estimate of $5.86 million. During the same period in the prior year, the firm earned ($0.29) EPS. On average, equities analysts predict that Qumu will post -0.79 earnings per share for the current fiscal year.

In other news, CEO Rose Bentley purchased 36,646 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were purchased at an average cost of $1.02 per share, with a total value of $37,378.92. Following the completion of the transaction, the chief executive officer now owns 49,882 shares of the company’s stock, valued at approximately $50,879.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 66,646 shares of company stock worth $70,579 over the last ninety days. Insiders own 14.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in shares of Qumu in the third quarter valued at about $56,000. Two Sigma Advisers LP grew its position in shares of Qumu by 341.5% during the 3rd quarter. Two Sigma Advisers LP now owns 221,200 shares of the technology company’s stock worth $549,000 after purchasing an additional 171,100 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in shares of Qumu during the third quarter worth approximately $27,000. Finally, Perkins Capital Management Inc. raised its position in shares of Qumu by 6.1% in the first quarter. Perkins Capital Management Inc. now owns 297,700 shares of the technology company’s stock valued at $524,000 after buying an additional 17,000 shares in the last quarter. 38.32% of the stock is owned by institutional investors and hedge funds.

Qumu Company Profile (Get Rating)

Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers perpetual software licenses, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and training services.

Further Reading

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