Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Klaviyo (NYSE:KVYO) had its price objective raised by Needham & Company LLC from $40.00 to $46.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Macquarie assumed coverage on Klaviyo in a research note on Thursday, October 31st. They set a “neutral” rating and a $36.00 price objective on the stock. Cantor Fitzgerald boosted their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark dropped their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. Barclays lifted their price target on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus started coverage on Klaviyo in a research note 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 MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Klaviyo Trading Down 1.3 %

Shares of KVYO stock opened at $33.35 on Thursday. The firm’s fifty day moving average price is $35.21 and its two-hundred day moving average price is $28.70. Klaviyo has a 1 year low of $21.26 and a 1 year high of $41.00.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. During the same quarter in the previous year, the business earned ($1.24) earnings per share. Klaviyo’s quarterly revenue was up 33.7% on a year-over-year basis. On average, equities research analysts predict that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $31.67, for a total value of $573,670.38. Following the completion of the transaction, the president now owns 192,488 shares of the company’s stock, valued at $6,096,094.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $31.67, for a total value of $573,670.38. Following the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at $6,096,094.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $35.36, for a total value of $353,600.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $14,950,667.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 659,711 shares of company stock worth $21,036,946 in the last 90 days. Company insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quantbot Technologies LP grew its position in Klaviyo by 82.8% during the 1st quarter. Quantbot Technologies LP now owns 54,424 shares of the company’s stock worth $1,387,000 after acquiring an additional 24,651 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Klaviyo during the first quarter worth about $364,000. Swiss National Bank acquired a new position in shares of Klaviyo in the first quarter valued at approximately $1,776,000. Blair William & Co. IL raised its holdings in Klaviyo by 1,234.0% in the 1st quarter. Blair William & Co. IL now owns 175,531 shares of the company’s stock valued at $4,473,000 after buying an additional 162,373 shares during the last quarter. Finally, Cynosure Group LLC acquired a new stake in Klaviyo during the 1st quarter worth approximately $1,344,000. 45.43% of the stock is currently 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.