Kaltura’s (KLTR) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Kaltura (NASDAQ:KLTR) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Kaltura Stock Performance

KLTR stock traded up $0.09 during trading on Thursday, hitting $1.98. The company had a trading volume of 407,515 shares, compared to its average volume of 140,924. The firm has a 50-day moving average price of $1.31 and a 200-day moving average price of $1.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.33. The firm has a market cap of $295.01 million, a PE ratio of -5.91 and a beta of 0.75. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.05.

Kaltura (NASDAQ:KLTR) last released its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Kaltura had a negative return on equity of 155.01% and a negative net margin of 24.82%. The business had revenue of $44.03 million for the quarter, compared to analyst estimates of $43.27 million. On average, analysts expect that Kaltura will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Kaltura

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Kaltura by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock worth $5,693,000 after buying an additional 41,584 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kaltura by 71.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock worth $2,284,000 after purchasing an additional 702,240 shares in the last quarter. Boston Partners raised its holdings in shares of Kaltura by 104.8% in the first quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after acquiring an additional 227,127 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kaltura by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after purchasing an additional 20,500 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Kaltura by 18.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after acquiring an additional 44,289 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Kaltura

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).