Kaltura (NASDAQ:KLTR) Posts Earnings Results

Kaltura (NASDAQ:KLTR) issued its quarterly earnings results on Monday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports. Kaltura had a negative return on equity of 54.84% and a negative net margin of 10.01%.The company had revenue of $45.54 million for the quarter, compared to analyst estimates of $45.35 million.

Kaltura Trading Up 3.0%

Shares of KLTR traded up $0.04 during trading hours on Monday, hitting $1.39. The stock had a trading volume of 8,763,396 shares, compared to its average volume of 418,573. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $217.30 million, a P/E ratio of -11.58 and a beta of 1.06. The company’s fifty day simple moving average is $1.47 and its 200 day simple moving average is $1.54. Kaltura has a 12-month low of $1.21 and a 12-month high of $2.33.

Institutional Investors Weigh In On Kaltura

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of Kaltura in the 2nd quarter worth about $28,000. BNP Paribas Financial Markets increased its position in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after purchasing an additional 7,184 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after purchasing an additional 15,052 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Kaltura in the fourth quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC acquired a new position in Kaltura during the second quarter valued at approximately $48,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KLTR has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Tuesday, November 25th. Wall Street Zen raised Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kaltura in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

About Kaltura

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.