Kaleyra (KLR) Receives a Buy from Northland Securities


In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Kaleyra (KLR), with a price target of $23.00. The company’s shares closed last Monday at $11.90.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 26.9% and a 53.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.

Kaleyra has an analyst consensus of Strong Buy, with a price target consensus of $30.00, representing a 146.7% upside. In a report issued on May 6, Maxim Group also maintained a Buy rating on the stock with a $42.00 price target.

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Based on Kaleyra’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $44.27 million and GAAP net loss of $4.53 million. In comparison, last year the company earned revenue of $35.63 million and had a GAAP net loss of $3.64 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Through its proprietary platform, Kaleyra manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots. Kaleyra’s technology today makes it possible to safely and securely manage billions of messages monthly with a reach to hundreds of MNOs and over 190 countries. For more information: https://www.kaleyra.com/.

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