Needham & Company LLC Reaffirms “Buy” Rating for Kaltura (NASDAQ:KLTR)

Needham & Company LLC reaffirmed their buy rating on shares of Kaltura (NASDAQ:KLTR) in a report published on Monday morning, Benzinga reports. Needham & Company LLC currently has a $3.00 price objective on the stock.

Kaltura Trading Up 0.8 %

Shares of NASDAQ KLTR opened at $1.20 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is $1.27 and its two-hundred day moving average price is $1.55. Kaltura has a 52-week low of $1.14 and a 52-week high of $2.27. The stock has a market capitalization of $176.29 million, a P/E ratio of -3.64 and a beta of 0.73.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Kaltura had a negative net margin of 25.28% and a negative return on equity of 142.20%. The firm had revenue of $44.48 million for the quarter, compared to analyst estimates of $41.97 million. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, analysts anticipate that Kaltura will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Kaltura by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 19,639 shares of the company’s stock worth $38,000 after acquiring an additional 6,957 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kaltura by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 248,569 shares of the company’s stock worth $430,000 after purchasing an additional 8,592 shares during the period. Psagot Value Holdings Ltd. Israel raised its position in shares of Kaltura by 132.4% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 15,800 shares of the company’s stock worth $31,000 after purchasing an additional 9,000 shares during the period. Vanguard Group Inc. boosted its position in Kaltura by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock valued at $5,693,000 after purchasing an additional 41,584 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Kaltura by 18.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after buying an additional 44,289 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

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).