Does Qumu Corporation (NASDAQ:QUMU) warrant a purchase right now? What to Consider Before Making a Decision

Qumu Corporation (NASDAQ:QUMU) shares traded unchanged at $0.89 on Wall Street last session.

QUMU stock price is now 21.19% away from the 50-day moving average and -0.75% away from the 200-day moving average. The market capitalization of the company currently stands at $16.00M.

With the price target of $12, Northland Capital recently initiated with Outperform rating for Qumu Corporation (NASDAQ: QUMU)., while ‘Ladenburg Thalmann’ rates the stock as ‘Neutral’.

In other news, Bentley Rose, President and CEO bought 36,646 shares of the company’s stock on May 31. The stock was bought for $37,308 at an average price of $1.02. Upon completion of the transaction, the President and CEO now directly owns 49,882 shares in the company, valued at $44394.98. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Director OLSON ROBERT F bought 10,000 shares of the business’s stock. A total of $11,100 was incurred on buying the stock at an average price of $1.11. This leaves the insider owning 131,560 shares of the company worth $0.12 million. Insiders disposed of 3,460 shares of company stock worth roughly $3079.4 over the past 1 year. A total of 5.43% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in QUMU stock. A new stake in Qumu Corporation shares was purchased by WIPFLI FINANCIAL ADVISORS LLC, during the first quarter worth $4,000. In total, there are 30 active investors with 41.70% ownership of the company’s stock.

Qumu Corporation (NASDAQ: QUMU) opened at $0.8900 on Wednesday. During the past 12 months, Qumu Corporation has had a low of $0.44 and a high of $2.20. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for QUMU is $0.7348 and a two-hundred day moving average price translates $0.8971 for the stock.

The latest earnings results from Qumu Corporation (NASDAQ: QUMU) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.17 by 0.09. This compares to -$0.21 EPS in the same period last year. The net profit margin was -58.20% and return on equity was -172.40% for QUMU. The company reported revenue of $5.47 million for the quarter, compared to $6.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.85 percent. For the current quarter, analysts expect QUMU to generate $5.43M in revenue.

Qumu Corporation(QUMU) Company Profile

Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers perpetual software licenses, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and training services. The company’s platform provides video capture services; video content management services, such as creation and editing, analytics, automated workflows, security and access control, and speech search; and extensions and add-ons. It serves the banking, finance and insurance, manufacturing, services and consulting, telecom and technology, and biotech and health care markets, as well as government customers through direct sales and channel partners in North America, Europe, and Asia. The company was formerly known as Rimage Corporation and changed its name to Qumu Corporation in September 2013. Qumu Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.