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

Kaltura (NASDAQ:KLTR)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued on Friday,Benzinga reports. They presently have a $3.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 31.58% from the stock’s current price.

Separately, Wells Fargo & Company upped their price target on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a research report on Thursday, November 7th.

Kaltura Trading Down 0.9 %

KLTR stock opened at $2.28 on Friday. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $2.23 and its 200-day moving average is $1.61. The firm has a market cap of $341.30 million, a P/E ratio of -8.77 and a beta of 1.11.

Hedge Funds Weigh In On Kaltura

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Kaltura by 0.6% in the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock valued at $1,726,000 after acquiring an additional 7,719 shares during the last quarter. Barclays PLC raised its position in Kaltura by 215.5% in the 3rd quarter. Barclays PLC now owns 152,686 shares of the company’s stock valued at $208,000 after purchasing an additional 104,288 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kaltura by 6.7% in the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock worth $2,707,000 after purchasing an additional 124,415 shares in the last quarter. 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 valued at $277,000 after buying an additional 10,534 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kaltura by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock valued at $917,000 after buying an additional 91,138 shares during the last quarter. 30.79% of the stock is currently 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).