Shares of Qumu Corp (NASDAQ:QUMU) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12 month consensus target price of $3.50 for the company and are expecting that the company will post ($0.15) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Qumu an industry rank of 42 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Qumu from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Thursday, January 4th.

In related news, major shareholder Harbert Discovery Fund Gp, Llc purchased 156,709 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average cost of $2.44 per share, with a total value of $382,369.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Discovery Fund Lp Harbert purchased 87,300 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $2.46 per share, with a total value of $214,758.00. The disclosure for this purchase can be found here. Insiders have purchased 304,927 shares of company stock valued at $746,800 in the last three months. 14.30% of the stock is owned by insiders.

A hedge fund recently raised its stake in Qumu stock. Northern Trust Corp raised its stake in Qumu Corp (NASDAQ:QUMU) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,745 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Northern Trust Corp owned 0.38% of Qumu worth $104,000 as of its most recent SEC filing. 23.81% of the stock is owned by hedge funds and other institutional investors.

Qumu (QUMU) traded down $0.03 during midday trading on Friday, hitting $2.35. 405 shares of the company traded hands, compared to its average volume of 4,000. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $22.44, a price-to-earnings ratio of -2.45 and a beta of -0.58. Qumu has a twelve month low of $1.80 and a twelve month high of $3.28.

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About Qumu

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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