Colliers Securities Sticks to Their Hold Rating for Qumu (QUMU)

By Carrie Williams

In a report issued on March 5, Steve Frankel from Colliers Securities maintained a Hold rating on Qumu (QUMUResearch Report). The company’s shares closed last Friday at $8.07.

According to TipRanks.com, Frankel is ranked #2361 out of 7336 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qumu with a $11.50 average price target.

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Qumu’s market cap is currently $141.5M and has a P/E ratio of -16.20. The company has a Price to Book ratio of -40.92.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QUMU in relation to earlier this year.

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Qumu Corp. engages in the provision of software applications, which create, manage, secure, distribute, and measure the success of live and on-demand video for the enterprise. It offers enterprise video content management software solutions, hardware, maintenance and support, and professional and other services. The company was founded in 1978 and is headquartered in Minneapolis, MN.