Oppenheimer Reaffirms Market Perform Rating for Kaleyra (NYSEAMERICAN:KLR)

Kaleyra (NYSEAMERICAN:KLR – Get Rating)‘s stock had its “market perform” rating reissued by research analysts at Oppenheimer in a research report issued to clients and investors on Friday, Benzinga reports.

Kaleyra Trading Down 6.4 %

Shares of NYSEAMERICAN KLR traded down $0.13 during trading hours on Friday, reaching $1.90. 79,476 shares of the stock were exchanged, compared to its average volume of 63,503. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 2.13. Kaleyra has a 52 week low of $1.80 and a 52 week high of $24.89.

Insider Buying and Selling

In other news, Director Matteo Lodrini bought 58,286 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were purchased at an average cost of $0.72 per share, with a total value of $41,965.92. Following the acquisition, the director now directly owns 311,183 shares in the company, valued at $224,051.76. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 31.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Kaleyra by 52.0% during the second quarter. NewEdge Advisors LLC now owns 45,421 shares of the company’s stock worth $93,000 after buying an additional 15,548 shares in the last quarter. Rhumbline Advisers acquired a new position in Kaleyra in the 2nd quarter worth about $84,000. Bank of New York Mellon Corp increased its holdings in Kaleyra by 19.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,000 shares of the company’s stock worth $68,000 after purchasing an additional 11,246 shares in the last quarter. Virtu Financial LLC bought a new position in Kaleyra in the first quarter valued at about $60,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kaleyra by 14.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,382 shares of the company’s stock valued at $56,000 after purchasing an additional 9,591 shares in the last quarter. Institutional investors and hedge funds own 33.52% of the company’s stock.

Kaleyra Company Profile

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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.