Zacks Investment Research upgraded shares of Qumu (NASDAQ:QUMU) from a hold rating to a buy rating in a research report released on Wednesday morning. The firm currently has $3.00 price objective on the technology company’s stock.

According to Zacks, “Qumu Corp. provides enterprise video solutions. The company offers a media appliance for video creation and distribution, an enterprise video platform to manage process stages in a video’s lifecycle, a solution to manage and deliver live Webcasts and digital signage software to deliver corporate video communications and other content to displays in reception areas, lobbies, lunchrooms, waiting areas and other gathering places. It serves financial services, communications, manufacturing, and professional services markets. Qumu Corp., formerly known as Rimage Corporation, is based in Minneapolis, United States. “

QUMU stock opened at $2.49 on Wednesday. The stock has a market cap of $26.20 million, a PE ratio of -2.33 and a beta of -0.90. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.80 and a quick ratio of 0.80. Qumu has a 52 week low of $1.42 and a 52 week high of $3.28.

Qumu (NASDAQ:QUMU) last released its earnings results on Wednesday, August 1st. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $7.63 million during the quarter. Qumu had a negative net margin of 42.60% and a negative return on equity of 106.82%. equities analysts anticipate that Qumu will post -0.88 EPS for the current fiscal year.

In related news, major shareholder Harbert Discovery Fund Gp, Llc bought 20,000 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was acquired at an average price of $2.39 per share, with a total value of $47,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.00% of the stock is owned by insiders.

About Qumu

Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers Qumu Qx Enterprise Video Platform, 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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