Qumu Corp (NASDAQ:QUMU) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1 year consensus price objective 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 189 out of 265 based on the ratings given to related companies.

In related news, major shareholder Discovery Fund Lp Harbert acquired 87,300 shares of the stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $2.46 per share, with a total value of $214,758.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Harbert Discovery Fund Gp, Llc acquired 156,709 shares of the stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $2.44 per share, with a total value of $382,369.96. The disclosure for this purchase can be found here. Insiders acquired 304,927 shares of company stock valued at $746,800 in the last ninety days. Insiders own 11.20% of the company’s stock.

An institutional investor recently raised its position in Qumu stock. Northern Trust Corp lifted its stake in shares of Qumu Corp (NASDAQ:QUMU) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,745 shares of the technology company’s stock after acquiring an additional 3,144 shares during the period. Northern Trust Corp owned approximately 0.38% of Qumu worth $104,000 at the end of the most recent quarter. Institutional investors and hedge funds own 23.81% of the company’s stock.

Shares of Qumu (NASDAQ QUMU) opened at $2.26 on Tuesday. Qumu has a 12 month low of $1.80 and a 12 month high of $3.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/19/zacks-qumu-corp-qumu-receives-consensus-rating-of-buy-from-brokerages.html.

Qumu Company Profile

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.

Get a free copy of the Zacks research report on Qumu (QUMU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.