Analysts Set Kaleyra (NYSE:KLR) PT at $12.70

Kaleyra (NYSE:KLR) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.70.

Several research firms have commented on KLR. Zacks Investment Research cut shares of Kaleyra from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. Northland Securities assumed coverage on Kaleyra in a research note on Wednesday, July 8th. They issued a “buy” rating and a $17.00 target price for the company. National Securities initiated coverage on Kaleyra in a research note on Tuesday, July 28th. They issued a “buy” rating and a $13.00 price target on the stock. National Alliance Securities initiated coverage on Kaleyra in a report on Tuesday, July 28th. They issued a “buy” rating for the company. Finally, Craig Hallum cut their price objective on shares of Kaleyra from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th.

A number of large investors have recently made changes to their positions in KLR. Steward Partners Investment Advisory LLC acquired a new position in shares of Kaleyra in the 1st quarter valued at about $31,000. Equitec Specialists LLC purchased a new position in Kaleyra in the second quarter valued at approximately $39,000. Finally, Greenhaven Road Investment Management L.P. acquired a new position in Kaleyra during the first quarter valued at approximately $5,110,000. Institutional investors own 24.35% of the company’s stock.

Shares of KLR stock opened at $4.47 on Tuesday. The company has a market capitalization of $90.39 million, a price-to-earnings ratio of 18.63 and a beta of -0.06. The firm has a 50-day moving average price of $4.87 and a 200 day moving average price of $6.70. Kaleyra has a twelve month low of $3.80 and a twelve month high of $11.35.

Kaleyra (NYSE:KLR) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.38). The firm had revenue of $33.63 million for the quarter, compared to analyst estimates of $35.07 million. On average, sell-side analysts predict that Kaleyra will post -0.24 EPS for the current year.

Kaleyra Company Profile

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises. The company trough its proprietary platform, it manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

Further Reading: 52-week highs

Analyst Recommendations for Kaleyra (NYSE:KLR)

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