Klaviyo (NYSE:KVYO) Upgraded at Macquarie

Macquarie upgraded shares of Klaviyo (NYSE:KVYO) to a hold rating in a research note published on Wednesday, Zacks.com reports.

A number of other equities research analysts also recently issued reports on KVYO. KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Klaviyo in a research report on Wednesday, September 4th. Cantor Fitzgerald increased their price objective on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Benchmark reiterated a “buy” rating and issued a $42.00 price objective on shares of Klaviyo in a research report on Thursday, October 24th. Finally, Stifel Nicolaus started coverage on Klaviyo in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.29.

Klaviyo Price Performance

NYSE:KVYO opened at $39.64 on Wednesday. The company has a market cap of $10.57 billion, a P/E ratio of -28.11 and a beta of 1.12. The stock’s fifty day moving average price is $34.66 and its two-hundred day moving average price is $28.20. Klaviyo has a 1 year low of $21.26 and a 1 year high of $39.93.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $222.21 million for the quarter, compared to the consensus estimate of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The business’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, analysts expect that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Amanda Whalen sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.23, for a total transaction of $1,813,800.00. Following the transaction, the chief financial officer now directly owns 435,993 shares of the company’s stock, valued at approximately $13,180,068.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Klaviyo news, major shareholder Summit Partners L. P sold 242,601 shares of Klaviyo stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $31.78, for a total transaction of $7,709,859.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Amanda Whalen sold 60,000 shares of Klaviyo stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.23, for a total value of $1,813,800.00. Following the sale, the chief financial officer now directly owns 435,993 shares in the company, valued at approximately $13,180,068.39. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 871,477 shares of company stock valued at $27,610,861. 53.24% of the stock is currently owned by insiders.

Institutional Trading of Klaviyo

Large investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Klaviyo during the third quarter valued at approximately $53,000. EntryPoint Capital LLC purchased a new position in shares of Klaviyo during the first quarter valued at approximately $71,000. SG Americas Securities LLC purchased a new position in shares of Klaviyo during the second quarter valued at approximately $236,000. William Marsh Rice University purchased a new position in shares of Klaviyo during the third quarter valued at approximately $245,000. Finally, Creative Planning purchased a new position in shares of Klaviyo during the third quarter valued at approximately $254,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Company Profile

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.