Qumu (NASDAQ:QUMU) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Qumu (NASDAQ:QUMU – Get Rating) in a research note released on Saturday. The brokerage issued a sell rating on the technology company’s stock.

Separately, Zacks Investment Research lowered shares of Qumu from a buy rating to a hold rating in a report on Wednesday, May 18th.

Shares of QUMU stock opened at $0.93 on Friday. The firm has a market cap of $16.68 million, a price-to-earnings ratio of -0.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.04. Qumu has a 52 week low of $0.93 and a 52 week high of $5.05. The firm’s 50-day simple moving average is $1.51 and its two-hundred day simple moving average is $1.83.

Qumu (NASDAQ:QUMU – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.05). Qumu had a negative net margin of 71.54% and a negative return on equity of 118.73%. During the same quarter in the previous year, the firm posted ($0.29) EPS. Analysts forecast that Qumu will post -0.79 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in Qumu by 815,600.0% during the first quarter. Morgan Stanley now owns 8,157 shares of the technology company’s stock worth $55,000 after buying an additional 8,156 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Qumu in the third quarter valued at about $27,000. Jump Financial LLC bought a new stake in shares of Qumu in the third quarter valued at about $33,000. Marshall Wace LLP bought a new stake in shares of Qumu in the third quarter valued at about $56,000. Finally, Goldman Sachs Group Inc. bought a new position in Qumu in the third quarter worth about $75,000. 38.32% of the stock is owned by hedge funds and other institutional investors.

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 software on a license, 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 other services.

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