Qumu (NASDAQ:QUMU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $2.75 price target on the technology company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.06% from the stock’s current price.
According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “
Qumu (NASDAQ:QUMU) opened at $2.39 on Thursday. Qumu has a one year low of $1.80 and a one year high of $3.28. The stock has a market capitalization of $21.50, a price-to-earnings ratio of -2.49 and a beta of -0.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.03.
A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp boosted its stake in Qumu Corp (NASDAQ:QUMU) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,745 shares of the technology company’s stock after buying an additional 3,144 shares during the period. Northern Trust Corp owned 0.38% of Qumu worth $104,000 as of its most recent SEC filing. 23.81% of the stock is currently owned by institutional investors.
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.
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