Klaviyo (KVYO) to Release Earnings on Wednesday

Klaviyo (NYSE:KVYO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Klaviyo to post earnings of $0.11 per share for the quarter. Klaviyo has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. Klaviyo’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS.

Klaviyo Price Performance

Shares of KVYO stock opened at $39.22 on Wednesday. The stock has a market capitalization of $10.38 billion and a PE ratio of -27.82. Klaviyo has a 1-year low of $21.26 and a 1-year high of $39.77. The business has a 50-day moving average of $34.25 and a 200 day moving average of $27.92.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $42.00 target price on shares of Klaviyo in a report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Klaviyo in a research report on Wednesday, September 4th. Piper Sandler upped their price target on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird upped their price target on Klaviyo from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.38.

Insider Transactions at Klaviyo

In other news, major shareholder Jeff Fagnan bought 9,485 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $26.43 per share, with a total value of $250,688.55. Following the transaction, the insider now owns 9,485 shares of the company’s stock, valued at approximately $250,688.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Jeff Fagnan purchased 9,485 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $26.43 per share, for a total transaction of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares of the company’s stock, valued at approximately $250,688.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Allen Chaves sold 130,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $31.59, for a total value of $4,106,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 871,477 shares of company stock valued at $27,610,861. Corporate insiders own 53.24% of the company’s stock.

About Klaviyo

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.