Qumu Corp. (NASDAQ:QUMU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

Shares of Qumu Corp. (NASDAQ:QUMU) traded up 4.46% during midday trading on Wednesday, hitting $3.28. The company’s stock had a trading volume of 128,947 shares. The firm has a 50-day moving average of $2.66 and a 200 day moving average of $3.85. Qumu Corp. has a 12-month low of $2.10 and a 12-month high of $5.50. The firm’s market cap is $30.28 million.

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Qumu Corp. (NASDAQ:QUMU) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.06. Qumu Corp. had a negative net margin of 16.49% and a negative return on equity of 19.88%. The company earned $6.50 million during the quarter, compared to analyst estimates of $8.86 million. During the same period in the prior year, the business posted ($0.75) EPS. Qumu Corp.’s revenue for the quarter was down 25.6% compared to the same quarter last year. On average, equities research analysts predict that Qumu Corp. will post ($1.44) EPS for the current fiscal year.

Several large investors have recently modified their holdings of QUMU. Teton Advisors Inc. boosted its stake in shares of Qumu Corp. by 0.5% in the second quarter. Teton Advisors Inc. now owns 202,400 shares of the company’s stock worth $899,000 after buying an additional 1,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Qumu Corp. by 1.7% in the first quarter. Renaissance Technologies LLC now owns 610,959 shares of the company’s stock worth $2,817,000 after buying an additional 10,200 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Qumu Corp. by 192.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 50,324 shares of the company’s stock worth $232,000 after buying an additional 33,126 shares during the period. Bridgeway Capital Management Inc. raised its position in Qumu Corp. by 134.1% in the second quarter. Bridgeway Capital Management Inc. now owns 85,200 shares of the company’s stock worth $378,000 after buying an additional 48,800 shares during the period. Finally, Keane Capital Partners LLC raised its position in Qumu Corp. by 87.6% in the second quarter. Keane Capital Partners LLC now owns 127,570 shares of the company’s stock worth $566,000 after buying an additional 59,559 shares during the period. 51.28% of the stock is owned by institutional investors and hedge funds.

About Qumu Corp.

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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