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

Needham & Company LLC reissued their buy rating on shares of Kaltura (NASDAQ:KLTR) in a research report report published on Thursday,Benzinga reports. Needham & Company LLC currently has a $3.00 target price on the stock.

Kaltura Stock Up 4.8 %

KLTR stock traded up $0.09 during midday trading on Thursday, hitting $1.98. The company’s stock had a trading volume of 407,515 shares, compared to its average volume of 140,924. The firm has a 50-day simple moving average of $1.31 and a 200-day simple moving average 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. Kaltura has a 52-week low of $0.76 and a 52-week high of $2.05. The firm has a market capitalization of $295.01 million, a P/E ratio of -5.91 and a beta of 0.75.

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

Institutional Investors Weigh In On Kaltura

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of Kaltura by 71.0% during the first 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 increased its position in Kaltura by 104.8% during the first quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after buying an additional 227,127 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Kaltura by 18.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock valued at $387,000 after buying an additional 44,289 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kaltura by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock valued at $5,693,000 after acquiring an additional 41,584 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Kaltura during the third quarter worth approximately $44,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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).