Kaltura (NASDAQ:KLTR) Earns Buy Rating from Needham & Company LLC

Kaltura (NASDAQ:KLTR)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $3.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 60.43% from the stock’s previous close.

Kaltura Stock Down 2.1 %

NASDAQ:KLTR opened at $1.87 on Friday. The business’s fifty day moving average price is $2.32 and its 200 day moving average price is $1.91. The firm has a market capitalization of $288.24 million, a price-to-earnings ratio of -8.90 and a beta of 1.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%. The company had revenue of $45.61 million during the quarter, compared to analysts’ expectations of $44.36 million.

Insider Transactions at Kaltura

In other news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $2.46, for a total transaction of $279,539.64. Following the transaction, the chief financial officer now owns 1,556,682 shares in the company, valued at approximately $3,829,437.72. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new stake in shares of Kaltura during the 4th quarter worth about $25,000. Ameriprise Financial Inc. acquired a new position in Kaltura during the fourth quarter valued at approximately $28,000. ProShare Advisors LLC raised its position in shares of Kaltura by 51.2% in the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock valued at $60,000 after purchasing an additional 9,291 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Kaltura in the fourth quarter worth $67,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Kaltura during the 4th quarter worth $80,000. 30.79% of the stock is currently owned by institutional investors.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).