Kaleyra (NYSE:KLR) to Post Q2 2020 Earnings of ($0.02) Per Share, Oppenheimer Forecasts

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Kaleyra (NYSE:KLR) – Analysts at Oppenheimer issued their Q2 2020 earnings estimates for shares of Kaleyra in a report issued on Monday, June 29th. Oppenheimer analyst T. Horan expects that the company will post earnings per share of ($0.02) for the quarter. Oppenheimer has a “Outperform” rating and a $12.00 price objective on the stock. Oppenheimer also issued estimates for Kaleyra’s Q3 2020 earnings at $0.02 EPS, Q4 2020 earnings at $0.06 EPS, FY2020 earnings at $0.02 EPS, FY2021 earnings at $0.19 EPS and FY2022 earnings at $0.37 EPS.

Several other equities research analysts also recently commented on the stock. Cowen cut their target price on shares of Kaleyra from $18.00 to $12.50 in a research report on Friday, March 20th. Zacks Investment Research downgraded shares of Kaleyra from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Craig Hallum cut their target price on shares of Kaleyra from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Kaleyra currently has a consensus rating of “Buy” and a consensus target price of $11.60.

KLR opened at $4.00 on Wednesday. The company’s 50 day moving average is $6.05 and its 200-day moving average is $7.25. Kaleyra has a 1-year low of $3.80 and a 1-year high of $11.35.

Kaleyra (NYSE:KLR) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.38). The firm had revenue of $33.63 million for the quarter, compared to the consensus estimate of $35.07 million.

A number of institutional investors have recently added to or reduced their stakes in KLR. Steward Partners Investment Advisory LLC bought a new position in Kaleyra during the 1st quarter worth approximately $31,000. Greenhaven Road Investment Management L.P. bought a new position in Kaleyra during the 1st quarter worth approximately $5,110,000. Cowen AND Company LLC bought a new position in Kaleyra during the 4th quarter worth approximately $5,254,000. Finally, Glazer Capital LLC bought a new position in Kaleyra during the 4th quarter worth approximately $9,134,000. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Kaleyra Company Profile

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises. The company trough its proprietary platform, it manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

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