Equities research analysts forecast that Qumu Corp (NASDAQ:QUMU) will announce earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Qumu’s earnings. Qumu posted earnings per share of ($0.05) during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is scheduled to issue its next earnings report on Tuesday, March 3rd.
On average, analysts expect that Qumu will report full-year earnings of ($0.55) per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of ($0.46) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Qumu.
Qumu (NASDAQ:QUMU) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.12. Qumu had a negative return on equity of 68.24% and a negative net margin of 18.14%. The firm had revenue of $6.67 million during the quarter.
Several equities analysts have commented on QUMU shares. Zacks Investment Research upgraded shares of Qumu from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. ValuEngine raised shares of Qumu from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.
In other Qumu news, major shareholder Harbert Discovery Fund Gp, Llc bought 100,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $2.50 per share, with a total value of $250,000.00. Also, CEO Vern Hanzlik bought 20,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $2.50 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 245,016 shares in the company, valued at $612,540. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 136,000 shares of company stock valued at $340,000. 23.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of QUMU. Essex Investment Management Co. LLC acquired a new position in shares of Qumu in the third quarter valued at approximately $302,000. Worth Venture Partners LLC acquired a new position in Qumu in the 2nd quarter valued at $433,000. Vanguard Group Inc. increased 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 valued at $1,042,000 after buying an additional 144,375 shares during the period. BlackRock Inc. increased its stake in 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 buying an additional 23,021 shares during the period. Finally, Renaissance Technologies LLC raised its position in Qumu by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 765,371 shares of the technology company’s stock worth $3,176,000 after buying an additional 84,190 shares during the last quarter. 26.98% of the stock is owned by institutional investors.
Shares of NASDAQ:QUMU traded up $0.03 on Friday, hitting $2.59. 248 shares of the company’s stock were exchanged, compared to its average volume of 54,483. Qumu has a 1-year low of $1.85 and a 1-year high of $4.78. The company has a market capitalization of $33.53 million, a PE ratio of -2.64 and a beta of 0.24. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50-day moving average is $2.74 and its 200 day moving average is $3.28.
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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