Klaviyo’s (KVYO) Neutral Rating Reiterated at Macquarie

Macquarie restated their neutral rating on shares of Klaviyo (NYSE:KVYO) in a report issued on Friday,Benzinga reports. Macquarie currently has a $36.00 price objective on the stock.

A number of other research firms also recently commented on KVYO. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research note on Thursday, August 8th. Cantor Fitzgerald boosted their target price on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays increased their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Piper Sandler upped their target price on Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Klaviyo Stock Down 1.3 %

NYSE KVYO opened at $33.35 on Friday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $41.00. The firm has a 50-day moving average price of $35.21 and a two-hundred day moving average price of $28.74. The company has a market capitalization of $8.89 billion, a P/E ratio of -185.28 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.24) earnings per share. Equities analysts expect that Klaviyo will post -0.01 EPS for the current year.

Insider Activity

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 transaction of $573,670.38. Following the sale, the president now directly owns 192,488 shares in the company, valued at $6,096,094.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now owns 192,488 shares of the company’s stock, valued at approximately $6,096,094.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Allen Chaves sold 130,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.85, for a total transaction of $4,140,500.00. The disclosure for this sale can be found here. Insiders sold 659,711 shares of company stock valued at $21,036,946 over the last quarter. 53.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after acquiring an additional 808 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Klaviyo in the 3rd quarter valued at $53,000. EntryPoint Capital LLC bought a new stake in shares of Klaviyo in the 1st quarter valued at $71,000. Victory Capital Management Inc. bought a new position in Klaviyo during the third quarter worth $208,000. Finally, SG Americas Securities LLC bought a new position in Klaviyo during the second quarter worth $236,000. 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.