Kaltura (NASDAQ:KLTR) Price Target Lowered to $1.00 at Wells Fargo & Company

Kaltura (NASDAQ:KLTR) had its price target decreased by Wells Fargo & Company from $1.50 to $1.00 in a research report released on Friday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Separately, Needham & Company LLC reaffirmed a buy rating and issued a $3.00 price objective on shares of Kaltura in a research report on Monday, May 20th.

Kaltura Trading Up 2.4 %

NASDAQ KLTR opened at $1.26 on Friday. Kaltura has a 12 month low of $0.76 and a 12 month high of $2.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.26. The stock’s fifty day moving average price is $1.18 and its 200-day moving average price is $1.46. The stock has a market cap of $185.11 million, a P/E ratio of -3.85 and a beta of 0.68.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $44.78 million for the quarter, compared to the consensus estimate of $43.24 million. Kaltura had a negative net margin of 25.28% and a negative return on equity of 142.20%. As a group, equities analysts forecast that Kaltura will post -0.3 EPS for the current fiscal year.

Institutional Trading of Kaltura

A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Kaltura by 71.0% in the first quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock worth $2,284,000 after purchasing an additional 702,240 shares during the last quarter. Circumference Group LLC bought a new position in shares of Kaltura during the 4th quarter valued at $1,287,000. Boston Partners boosted its stake in shares of Kaltura by 104.8% in the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after buying an additional 227,127 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Kaltura in the third quarter worth $261,000. Finally, Jacobs Levy Equity Management Inc. increased its position in Kaltura by 18.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock valued at $387,000 after acquiring an additional 44,289 shares during the last quarter. 30.79% of the stock is currently 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).