Kaltura (NASDAQ:KLTR) Given New $7.00 Price Target at KeyCorp

Kaltura (NASDAQ:KLTR) had its target price cut by KeyCorp from $14.00 to $7.00 in a research note released on Friday morning, PriceTargets.com reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kaltura from $13.00 to $10.00 and set a hold rating for the company in a report on Thursday, November 4th. Zacks Investment Research raised shares of Kaltura from a sell rating to a hold rating in a research report on Friday, January 7th. The Goldman Sachs Group began coverage on shares of Kaltura in a research report on Monday, December 13th. They issued a neutral rating and a $5.25 price objective on the stock. Finally, reduced their target price on shares of Kaltura from $15.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of $11.92.

Shares of NASDAQ KLTR opened at $3.26 on Friday. Kaltura has a twelve month low of $3.00 and a twelve month high of $14.00. The stock has a 50 day moving average price of $4.39. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.61.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Wednesday, November 3rd. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.15). The business had revenue of $42.98 million for the quarter, compared to analyst estimates of $42.29 million. Sell-side analysts expect that Kaltura will post -0.92 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in KLTR. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Kaltura in the 3rd quarter valued at approximately $47,000. First Mercantile Trust Co. purchased a new stake in shares of Kaltura during the 3rd quarter worth $60,000. California State Teachers Retirement System purchased a new stake in shares of Kaltura during the 3rd quarter worth $97,000. American International Group Inc. acquired a new stake in Kaltura during the 3rd quarter worth $98,000. Finally, Deutsche Bank AG acquired a new stake in Kaltura during the 3rd quarter worth $103,000. Institutional investors and hedge funds own 35.79% of the company’s stock.

Kaltura Company Profile

Kaltura Inc video experience cloud offers live, real-time and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Kaltura Inc is based in NEW YORK.

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Analyst Recommendations for Kaltura (NASDAQ:KLTR)

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