Needham & Company LLC Lowers Kaltura (NASDAQ:KLTR) Price Target to $3.00

Kaltura (NASDAQ:KLTR) had its price target lowered by equities researchers at Needham & Company LLC from $5.00 to $3.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 141.94% from the stock’s previous close.

Kaltura Stock Up 0.8 %

Shares of NASDAQ:KLTR opened at $1.24 on Friday. Kaltura has a 1 year low of $1.14 and a 1 year high of $2.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $1.30 and its 200-day moving average is $1.58. The company has a market capitalization of $182.17 million, a price-to-earnings ratio of -3.65 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 analysts’ consensus estimates of ($0.02) by ($0.07). The business had revenue of $44.48 million for the quarter, compared to the consensus estimate of $41.97 million. Kaltura had a negative return on equity of 130.47% and a negative net margin of 26.47%. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Equities research analysts predict that Kaltura will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings 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 valued at $2,284,000 after acquiring an additional 702,240 shares in the last quarter. Circumference Group LLC bought a new stake in Kaltura during the 4th quarter valued at $1,287,000. Boston Partners raised its holdings in Kaltura by 39.4% during the third quarter. Boston Partners now owns 319,317 shares of the company’s stock worth $552,000 after buying an additional 90,198 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kaltura by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 248,569 shares of the company’s stock valued at $430,000 after buying an additional 8,592 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Kaltura during the third quarter valued at about $261,000. 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).