Wells Fargo & Company Issues Positive Forecast for Kaltura (NASDAQ:KLTR) Stock Price

Kaltura (NASDAQ:KLTR) had its target price lifted by analysts at Wells Fargo & Company from $1.00 to $1.50 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 25.74% from the company’s current price.

Separately, Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Thursday.

Kaltura Stock Up 16.8 %

Shares of KLTR stock traded up $0.29 on Thursday, reaching $2.02. 376,533 shares of the stock were exchanged, compared to its average volume of 137,234. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.23. The company has a market capitalization of $300.97 million, a price-to-earnings ratio of -6.09 and a beta of 0.75. Kaltura has a twelve month low of $0.76 and a twelve month high of $2.05.

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

Institutional Trading of Kaltura

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Kaltura in the third quarter worth approximately $44,000. Bank of New York Mellon Corp lifted its stake in shares of Kaltura by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock worth $277,000 after buying an additional 10,534 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Kaltura by 18.3% in the first 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. Renaissance Technologies LLC raised its stake in Kaltura by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock valued at $459,000 after purchasing an additional 20,500 shares during the last quarter. Finally, Boston Partners raised its stake in Kaltura by 104.8% during the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after purchasing an additional 227,127 shares during the last quarter. 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).