Kaltura, Inc. (NASDAQ:KLTR – Get Rating) received an average recommendation of “Hold” from the eight rating agencies that currently cover the company, Marketbeat reports. Five research analysts gave the stock a hold rating and three gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock over the past year is $5.08.
KLTR has been the subject of a number of research analyst reports. KeyCorp launched coverage on Kaltura shares in a research note on Monday, September 12. They issued a “sector weight” rating for the company. Goldman Sachs Group cut its price target on Kaltura shares from $3.00 to $2.50 and set a “neutral” rating for the company in a Thursday, July 14 research note. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Kaltura shares from $2.50 to $3.00 and gave the company a “holding” rating in a Wednesday, Aug. 10 research note.
Kaltura stock performance
NASDAQ:KLTR opened at $2.12 on Tuesday. Kaltura has a 1-year minimum of $1.32 and a 1-year maximum of $10.80. The company has a 50-day moving average of $2.34 and a 200-day moving average of $1.97. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt ratio of 0.52. The stock has a market capitalization of $278.20 million, a P/E ratio of -3.31 and a beta of 0.27.
Hedge funds weigh on Kaltura
Several institutional investors and hedge funds have recently changed their positions in the company. Verition Fund Management LLC acquired a new position in shares of Kaltura in Q2 worth $27,000. Cubist Systematic Strategies LLC acquired a new position in Kaltura stock in Q2 worth $26,000. Millennium Management LLC acquired a new stock position in Kaltura in Q2 worth $1,086,000. Edenbrook Capital LLC increased its holdings of Kaltura shares by 27.3% in Q2. Edenbrook Capital LLC now owns 3,428,206 shares of the company valued at $6,822,000 after purchasing an additional 734,889 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Kaltura in Q2 worth $40,000. Institutional investors and hedge funds hold 36.27% of the company’s shares.
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Kaltura, Inc provides various Software-as-a-Service products and solutions and Platform as a Service. The Company offers video products, such as webinars, virtual events, video sites and virtual classrooms for video-based communication, collaboration, training and customer experience; and video industry solutions, such as learning management system video and lecture capture solutions for educational institutions.
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