Equities research analysts predict that Qumu Corp (NASDAQ:QUMU) will post ($0.06) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Qumu’s earnings. Qumu reported earnings per share of ($0.05) in the same quarter last year, which indicates a negative year over year growth rate of 20%. The company is expected 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 anticipate that the firm will post earnings of ($0.46) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Qumu.
Qumu (NASDAQ:QUMU) last posted its earnings results on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.12. Qumu had a negative net margin of 18.14% and a negative return on equity of 68.24%. The firm had revenue of $6.67 million during the quarter.
A number of research firms have weighed in on QUMU. Zacks Investment Research raised shares of Qumu from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. ValuEngine upgraded shares of Qumu from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.
NASDAQ QUMU traded up $0.03 during mid-day trading on Friday, reaching $2.59. 248 shares of the stock were exchanged, compared to its average volume of 54,483. The company has a market capitalization of $33.53 million, a P/E 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 business’s 50 day moving average is $2.74 and its 200-day moving average is $3.28. Qumu has a 1 year low of $1.85 and a 1 year high of $4.78.
In other Qumu news, major shareholder Harbert Discovery Fund Gp, Llc purchased 100,000 shares of the stock in a transaction on Thursday, November 7th. The shares were bought at an average price of $2.50 per share, for a total transaction of $250,000.00. Also, CEO Vern Hanzlik acquired 20,000 shares of the company’s stock in a transaction on 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 owns 245,016 shares of the company’s stock, valued at approximately $612,540. The disclosure for this purchase can be found here. Insiders purchased a total of 136,000 shares of company stock valued at $340,000 in the last ninety days. 23.70% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Qumu in the 2nd quarter worth about $55,000. Essex Investment Management Co. LLC purchased a new stake in Qumu during the 3rd quarter worth approximately $302,000. Worth Venture Partners LLC purchased a new stake in Qumu during the 2nd quarter worth approximately $433,000. Vanguard Group Inc. raised its holdings in shares of Qumu by 135.4% during the second quarter. Vanguard Group Inc. now owns 250,994 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 144,375 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Qumu by 8.5% during the second quarter. BlackRock Inc. now owns 294,765 shares of the technology company’s stock valued at $1,224,000 after acquiring an additional 23,021 shares during the last quarter. 26.98% of the stock is owned by institutional investors and hedge funds.
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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