Klaviyo, Inc. (NYSE:KVYO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.69.

KVYO has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Benchmark lowered their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price target on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Piper Sandler raised their price objective on shares of Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, October 18th.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the transaction, the president now directly owns 192,488 shares in the company, valued at $7,158,628.72. This represents a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amanda Whalen sold 1,050 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,650 shares of company stock valued at $4,676,705. Insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new stake in Klaviyo during the third quarter worth $53,000. West Tower Group LLC bought a new stake in Klaviyo in the 3rd quarter valued at $177,000. Victory Capital Management Inc. acquired a new position in shares of Klaviyo in the 3rd quarter valued at $208,000. Finally, SG Americas Securities LLC bought a new position in shares of Klaviyo during the 2nd quarter worth about $236,000. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Stock Down 2.8 %

Shares of NYSE:KVYO opened at $41.99 on Friday. The company has a market cap of $11.32 billion, a P/E ratio of -233.26 and a beta of 0.97. The company’s fifty day moving average is $37.82 and its two-hundred day moving average is $31.51. Klaviyo has a 12-month low of $21.26 and a 12-month high of $44.38.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company posted ($1.24) EPS. Equities research analysts anticipate that Klaviyo will post 0.03 earnings per share for the current year.

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.