Kaltura (KLTR) Set to Announce Earnings on Tuesday

Kaltura (NASDAQ:KLTR – Get Rating) will announce its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Kaltura has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Kaltura (NASDAQ:KLTR – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The company had revenue of $42.72 million for the quarter, compared to analysts’ expectations of $42.82 million. On average, analysts expect Kaltura to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kaltura stock opened at $1.62 on Tuesday. Kaltura has a 12-month low of $1.47 and a 12-month high of $14.00. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $1.83.

Several equities research analysts have recently weighed in on KLTR shares. Bank of America downgraded shares of Kaltura from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $3.00 in a research report on Wednesday, February 23rd. Oppenheimer downgraded shares of Kaltura from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 23rd. Canaccord Genuity Group dropped their target price on shares of Kaltura from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. KeyCorp dropped their target price on shares of Kaltura from $7.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kaltura from $5.50 to $2.50 and set a “hold” rating for the company in a report on Thursday, February 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.88.

A number of institutional investors have recently bought and sold shares of KLTR. JPMorgan Chase & Co. boosted its stake in Kaltura by 824.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,504,517 shares of the company’s stock valued at $5,070,000 after purchasing an additional 1,341,797 shares during the period. Renaissance Technologies LLC acquired a new position in Kaltura during the 4th quarter valued at about $1,444,000. BlackRock Inc. boosted its stake in Kaltura by 20.7% during the 4th quarter. BlackRock Inc. now owns 930,685 shares of the company’s stock valued at $3,135,000 after purchasing an additional 159,716 shares during the period. Bank of America Corp DE boosted its stake in Kaltura by 4,745.5% during the 4th quarter. Bank of America Corp DE now owns 136,110 shares of the company’s stock valued at $458,000 after purchasing an additional 133,301 shares during the period. Finally, State Street Corp boosted its stake in Kaltura by 48.4% during the 4th quarter. State Street Corp now owns 286,837 shares of the company’s stock valued at $967,000 after purchasing an additional 93,561 shares during the period. 45.34% of the stock is owned by hedge funds and other institutional investors.

About Kaltura (Get Rating)

Kaltura, Inc provides various Software-as-a-Service products and solutions and a 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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