Qumu (NASDAQ:QUMU) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Qumu (NASDAQ:QUMU) from a hold rating to a sell rating in a report issued on Wednesday, ValuEngine reports.

Separately, Dougherty & Co initiated coverage on shares of Qumu in a research note on Wednesday, July 10th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $3.00.

Qumu stock remained flat at $$3.12 during midday trading on Wednesday. 13,109 shares of the company were exchanged, compared to its average volume of 36,964. The firm has a fifty day moving average of $3.29 and a two-hundred day moving average of $3.26. Qumu has a 1 year low of $1.85 and a 1 year high of $4.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $30.92 million, a price-to-earnings ratio of -3.25 and a beta of 0.31.



A number of institutional investors have recently bought and sold shares of QUMU. Acadian Asset Management LLC acquired a new position in Qumu in the 2nd quarter worth approximately $55,000. Worth Venture Partners LLC acquired a new position in Qumu in the 2nd quarter worth approximately $433,000. Vanguard Group Inc. boosted its stake in Qumu by 135.4% in the 2nd quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 144,375 shares during the period. BlackRock Inc. boosted its stake in Qumu by 8.5% in the 2nd quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock worth $1,224,000 after purchasing an additional 23,021 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Qumu by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after purchasing an additional 84,190 shares during the period. 34.35% of the stock is owned by hedge funds and other institutional investors.

About Qumu

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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