Shares of Qumu Corp (NASDAQ:QUMU) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a one year consensus price target of $3.50 for the company and are forecasting that the company will post ($0.15) earnings per share for the current quarter, according to Zacks. Zacks has also given Qumu an industry rank of 183 out of 265 based on the ratings given to its competitors.
Shares of Qumu (QUMU) traded up $0.01 during midday trading on Friday, hitting $2.43. The stock had a trading volume of 6,300 shares, compared to its average volume of 36,757. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. Qumu has a one year low of $1.80 and a one year high of $3.28.
A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Qumu by 9.6% during the 2nd quarter. Northern Trust Corp now owns 35,745 shares of the technology company’s stock worth $104,000 after purchasing an additional 3,144 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Qumu by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 642,100 shares of the technology company’s stock worth $1,811,000 after purchasing an additional 6,741 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Qumu by 76.6% during the 1st quarter. Bank of New York Mellon Corp now owns 51,862 shares of the technology company’s stock worth $146,000 after purchasing an additional 22,501 shares during the last quarter. 23.81% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This article was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/12/06/zacks-qumu-corp-qumu-receives-consensus-rating-of-buy-from-brokerages.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Qumu Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu Corp and related companies with MarketBeat.com's FREE daily email newsletter.