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

Klaviyo, Inc. (NYSE:KVYO) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.38.

Several equities analysts recently weighed in on KVYO shares. Cantor Fitzgerald lifted their target price on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research report on Wednesday, September 4th. Piper Sandler increased their target price on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Robert W. Baird boosted their price target on Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other news, CFO Amanda Whalen sold 60,000 shares of the company’s stock in a transaction dated 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 owns 435,993 shares in the company, valued at approximately $13,180,068.39. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Amanda Whalen sold 60,000 shares of Klaviyo stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.23, for a total value of $1,813,800.00. Following the completion of the transaction, the chief financial officer now owns 435,993 shares in the company, valued at approximately $13,180,068.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Allen Chaves sold 130,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were 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. Insiders sold a total of 871,477 shares of company stock valued at $27,610,861 in the last ninety days. Corporate insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $53,000. EntryPoint Capital LLC acquired a new stake in Klaviyo in the first quarter worth $71,000. SG Americas Securities LLC bought a new stake in Klaviyo in the second quarter valued at $236,000. William Marsh Rice University acquired a new position in shares of Klaviyo during the third quarter valued at $245,000. Finally, Creative Planning bought a new position in shares of Klaviyo during the third quarter worth about $254,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Price Performance

NYSE KVYO opened at $39.22 on Friday. Klaviyo has a 1-year low of $21.26 and a 1-year high of $39.77. The firm has a market capitalization of $10.38 billion and a P/E ratio of -27.82. The business’s 50-day simple moving average is $34.25 and its 200-day simple moving average is $27.92.

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