Klaviyo (NYSE:KVYO) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Klaviyo (NYSE:KVYO) in a research report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $45.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research note on Wednesday, September 4th. Barclays boosted their target price on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research report on Friday. Robert W. Baird raised their price target on Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Cantor Fitzgerald upped their price objective on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Klaviyo presently has a consensus rating of “Moderate Buy” and an average price target of $37.38.

Klaviyo Trading Down 0.8 %

Shares of NYSE KVYO opened at $37.71 on Tuesday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $38.50. The stock’s fifty day simple moving average is $33.52 and its two-hundred day simple moving average is $27.39. The stock has a market capitalization of $9.98 billion and a PE ratio of -26.74.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company 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 firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. On average, equities analysts predict that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Klaviyo

In other news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the transaction, the president now owns 192,488 shares of the company’s stock, valued at $7,158,628.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Klaviyo news, CFO Amanda Whalen sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $35.36, for a total value of $353,600.00. Following the completion of the transaction, the chief financial officer now owns 422,813 shares in the company, valued at approximately $14,950,667.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the sale, the president now directly owns 192,488 shares in the company, valued at approximately $7,158,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 871,477 shares of company stock worth $27,610,861 over the last three months. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Large investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of Klaviyo in the third quarter valued at approximately $53,000. William Marsh Rice University acquired a new position in Klaviyo during the third quarter worth $245,000. Renaissance Capital LLC lifted its holdings in Klaviyo by 134.6% during the third quarter. Renaissance Capital LLC now owns 78,401 shares of the company’s stock valued at $2,774,000 after purchasing an additional 44,977 shares in the last quarter. Cabot Wealth Management Inc. grew its position in shares of Klaviyo by 101.1% in the third quarter. Cabot Wealth Management Inc. now owns 90,425 shares of the company’s stock valued at $3,199,000 after purchasing an additional 45,451 shares during the period. Finally, Creative Planning purchased a new stake in shares of Klaviyo during the third quarter worth about $254,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.