Wells Fargo & Company Raises Kaltura (NASDAQ:KLTR) Price Target to $1.50

Kaltura (NASDAQ:KLTR) had its price objective upped by research analysts at Wells Fargo & Company from $1.00 to $1.50 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 24.24% from the stock’s previous close.

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

Kaltura Price Performance

Shares of NASDAQ KLTR traded up $0.09 during mid-day trading on Thursday, hitting $1.98. 407,517 shares of the stock traded hands, compared to its average volume of 129,608. Kaltura has a twelve month low of $0.76 and a twelve month high of $2.05. 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 firm has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.24.

Kaltura (NASDAQ:KLTR) last released its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company had revenue of $44.03 million during the quarter, compared to analyst estimates of $43.27 million. Kaltura had a negative return on equity of 136.62% and a negative net margin of 20.71%. Research analysts anticipate that Kaltura will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KLTR. SG Americas Securities LLC bought a new position in Kaltura during the third quarter valued at $44,000. Bank of New York Mellon Corp increased 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 purchasing an additional 10,534 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position 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 valued at $387,000 after purchasing an additional 44,289 shares during the period. Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 20,500 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of 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 buying an additional 227,127 shares in the last quarter. 30.79% of the stock is owned by 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).