Kaleyra (NYSEAMERICAN:KLR) Stock Price Down 2.9%

Posted by on Apr 8th, 2023

Kaleyra, Inc. (NYSEAMERICAN:KLR – Get Rating)’s stock price traded down 2.9% during mid-day trading on Friday . The company traded as low as $1.65 and last traded at $1.66. 21,409 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 72,861 shares. The stock had previously closed at $1.71.

Analyst Ratings Changes

Separately, Oppenheimer reissued a “market perform” rating on shares of Kaleyra in a report on Friday, March 17th.

Kaleyra Price Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.86. The firm has a market cap of $21.75 million, a price-to-earnings ratio of -0.21 and a beta of 1.38.

Kaleyra (NYSEAMERICAN:KLR – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.38). Kaleyra had a negative net margin of 29.05% and a negative return on equity of 58.01%. The company had revenue of $93.66 million during the quarter, compared to analysts’ expectations of $88.20 million. Equities research analysts forecast that Kaleyra, Inc. will post -2.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Kaleyra news, Director Matteo Lodrini bought 58,286 shares of Kaleyra stock in a transaction that occurred on Wednesday, March 8th. The shares were purchased at an average cost of $0.72 per share, for a total transaction of $41,965.92. Following the completion of the transaction, the director now owns 311,183 shares of the company’s stock, valued at approximately $224,051.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kaleyra

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lynrock Lake LP increased its stake in Kaleyra by 1,233.3% during the fourth quarter. Lynrock Lake LP now owns 266,666 shares of the company’s stock worth $201,000 after acquiring an additional 246,666 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Kaleyra during the fourth quarter worth about $41,000. Charles Schwab Investment Management Inc. grew its stake in shares of Kaleyra by 14.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,382 shares of the company’s stock valued at $56,000 after buying an additional 9,591 shares in the last quarter. Barclays PLC grew its stake in shares of Kaleyra by 1,173.3% in the fourth quarter. Barclays PLC now owns 230,131 shares of the company’s stock valued at $174,000 after buying an additional 212,057 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Kaleyra by 452.0% in the fourth quarter. Bank of America Corp DE now owns 35,695 shares of the company’s stock valued at $27,000 after buying an additional 29,228 shares in the last quarter. 33.52% of the stock is currently owned by institutional investors and hedge funds.

Kaleyra Company Profile

(Get Rating)

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Its proprietary platform manages multi-channel integrated communication services on a global scale, consisting of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

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