Wall Street Zen Upgrades Kaltura (NASDAQ:KLTR) to "Buy"

Key Points

• Wall Street Zen upgraded Kaltura to “Buy” from “Hold,” while the broader analyst consensus remains “Hold” with a $3.00 price target. Needham maintained its Buy rating, but Weiss Ratings reiterated a Sell rating.
• Kaltura reported quarterly earnings of $0.01 per share, beating the expected loss of $0.01, while revenue of $46.89 million exceeded estimates of $45.60 million. Despite the beat, the company recorded a negative net margin of 6.92% and negative return on equity of 51.05%.
• The stock opened at $1.60, compared with a 52-week range of $1.05 to $2.05. Insiders sold 721,555 shares worth approximately $1.27 million over the past 90 days, while institutional investors own 30.79% of the company.

Kaltura (NASDAQ:KLTR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other research analysts also recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kaltura in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.00.

Kaltura Price Performance

NASDAQ:KLTR opened at $1.60 on Friday. Kaltura has a 52 week low of $1.05 and a 52 week high of $2.05. The stock's 50-day moving average price is $1.45 and its 200-day moving average price is $1.39. The stock has a market capitalization of $244.08 million, a PE ratio of -17.78 and a beta of 1.15.

Kaltura (NASDAQ:KLTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.The company had revenue of $46.89 million during the quarter, compared to analysts' expectations of $45.60 million.

Insiders Place Their Bets

In other news, insider Eynav Azaria sold 83,995 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total value of $168,829.95. Following the transaction, the insider owned 2,072,527 shares of the company's stock, valued at $4,165,779.27. This represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eyal Manor sold 138,143 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56. Following the completion of the transaction, the director directly owned 292,398 shares in the company, valued at $561,404.16. The trade was a 32.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 721,555 shares of company stock valued at $1,265,249 over the last ninety days. Company insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company's stock worth $25,000 after acquiring an additional 7,184 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Kaltura during the second quarter worth $28,000. Citadel Advisors LLC acquired a new stake in Kaltura in the third quarter valued at about $35,000. Acuitas Investments LLC purchased a new stake in Kaltura in the 1st quarter valued at approximately $37,000. Finally, EntryPoint Capital LLC acquired a new position in Kaltura during the 4th quarter worth approximately $38,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Kaltura Company Profile

Kaltura, Inc NASDAQ: KLTR is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company's cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.

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