Kaleyra Inc. (AMEX: KLR): Hunting Genuine Value In Market Debris


Nomura Securities Co., Ltd. (Priv.. recently announced the acquisition of new stake in Kaleyra Inc. (AMEX:KLR). The institutional investor has increased its shareholding in the Communication Services company by 0.18% to 1.63 million shares with purchase of 3000.0 shares. This fresh investment now brings its stake to 5.81% valued currently at $7.27 million. In addition, Cowen & Co. LLC raised its holdings by 0.21 million to 0.83 million shares. And Greenhaven Road Investment Manage.. has lifted its position by 14.29% or 100000.0 shares – to 0.8 million shares.

With over 1.37 million Kaleyra Inc. (KLR) shares trading Tuesday and a closing price of $7.30 on the day, the dollar volume was approximately $9.99 million. The shares have shown a positive weekly performance of 16.24% and its price on 09/01/20 gained nearly 15.32%. Currently, there are 20.61M common shares owned by the public and among those 6.42M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for KLR have a consensus price objective of $12.30. The analysts have set the share’s price value over the next 12 months at a high of $17.00 and a low of $7.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Kaleyra Inc. stock is 1.60 for the next 12 months. But an upside of 57.06% will see the stock hit the forecast high price target while mean target price for the stock is $12.50.

Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 13,736,405 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 143,097 shares.

The top 3 mutual fund holders in Kaleyra Inc. are Legg Mason Global Funds Plc – Roy, JNL Multi Manager Alternative Fun, and GVCGaesco TFT, FI. Legg Mason Global Funds Plc – Roy owns 0.2 million shares of the company’s stock, all valued at over $0.89 million. The company bought an additional 0.19 million shares recently to bring their total holdings to about 0.71% of the shares outstanding. GVCGaesco TFT, FI bought 54977.0 shares to bring its total holdings to over 54977.0 shares at a value of $0.25 million. GVCGaesco TFT, FI now owns shares totaling to 0.20% of the shares outstanding.

Shares of Kaleyra Inc. (AMEX: KLR) opened at $6.48, up $0.15 from a prior closing price of $6.33. However, the script later closed the day at $7.30, up 15.32%. The company’s stock has a 5-day price change of 16.24% and 8.63% over the past three months. KLR shares are trading -14.12% year to date (YTD), with the 12-month market performance down to -29.47% lower. It has a 12-month low price of $3.80 and touched a high of $11.35 over the same period. Currently, 1.37 million shares have been traded, compared to an average intraday trading volume of 410.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 20.73%, 42.10%, and 3.94% respectively.

Institutional ownership of Kaleyra Inc. (AMEX: KLR) shares accounts for 33.50% of the company’s 20.61M shares outstanding. Mutual fund holders own 27.13%, while other institutional holders and individual stakeholders account for 75.67% and 1.55% respectively.

It has a market capitalization of $206.52M. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.81% over the week and 8.31% over the month.

Analysts forecast that Kaleyra Inc. (KLR) will achieve an EPS of -$0.1 for the current quarter, -$0.04 for the next quarter and $0.14 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.01. Earnings per share for the fiscal year are expected to decrease by -77.20%, and 113.70% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Kaleyra Inc. (KLR) as a “Strong Buy” at a consensus score of 1.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the KLR, a number of firms have released research notes about the stock. National Securities stated their Buy rating for the stock in a research note on July 28, 2020, with the firm’s price target at $13. Oppenheimer coverage for the Kaleyra Inc. (KLR) stock in a research note released on June 29, 2020 offered a Outperform rating with a price target of $12.


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