Qumu (NASDAQ:QUMU) Earns Buy Rating from Analysts at Dougherty & Co

Share on StockTwits

Dougherty & Co initiated coverage on shares of Qumu (NASDAQ:QUMU) in a report released on Wednesday morning, The Fly reports. The firm issued a buy rating on the technology company’s stock.

A number of other equities analysts also recently commented on QUMU. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Thursday, March 21st. Zacks Investment Research downgraded shares of German American Bancorp. from a buy rating to a hold rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Qumu currently has an average rating of Buy and an average price target of $3.00.

Qumu stock opened at $4.30 on Wednesday. The business’s 50-day simple moving average is $3.62. Qumu has a one year low of $1.85 and a one year high of $4.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83.

Qumu (NASDAQ:QUMU) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.13. Qumu had a negative net margin of 0.14% and a negative return on equity of 0.59%. The company had revenue of $7.10 million during the quarter. On average, sell-side analysts expect that Qumu will post -0.54 earnings per share for the current fiscal year.

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.

Further Reading: What is the Fibonacci sequence?

The Fly

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.