Separately, Zacks Investment Research upgraded Qumu from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.
Shares of Qumu stock opened at $2.57 on Tuesday. The firm has a market cap of $33.49 million, a price-to-earnings ratio of -2.68 and a beta of 0.24. The business has a 50-day moving average price of $2.59 and a 200-day moving average price of $3.11. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.66. Qumu has a twelve month low of $2.01 and a twelve month high of $4.78.
Qumu (NASDAQ:QUMU) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.12. The firm had revenue of $6.67 million during the quarter. Qumu had a negative return on equity of 68.24% and a negative net margin of 18.14%. On average, equities analysts expect that Qumu will post -0.55 EPS for the current fiscal year.
In other Qumu news, major shareholder Harbert Discovery Fund Gp, Llc purchased 100,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $2.50 per share, with a total value of $250,000.00. Also, CEO Vern Hanzlik purchased 20,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $2.50 per share, with a total value of $50,000.00. Following the acquisition, the chief executive officer now owns 245,016 shares in the company, valued at approximately $612,540. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 136,000 shares of company stock valued at $340,000. Company insiders own 23.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC bought a new position in shares of Qumu in the 3rd quarter valued at about $302,000. Worth Venture Partners LLC bought a new position in shares of Qumu in the 2nd quarter valued at about $433,000. Vanguard Group Inc. lifted its holdings in shares of Qumu by 135.4% in the 2nd quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 144,375 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Qumu by 8.5% in the 2nd quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock valued at $1,224,000 after acquiring an additional 23,021 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Qumu by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock valued at $3,176,000 after acquiring an additional 84,190 shares during the last quarter. 26.98% of the stock is owned by hedge funds and other 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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