Klaviyo, Inc. (NYSE:KVYO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Klaviyo, Inc. (NYSE:KVYO) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.00.

Several brokerages recently weighed in on KVYO. Robert W. Baird lifted their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler boosted their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research note on Thursday, August 8th.

Insider Transactions at Klaviyo

In other news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares in the company, valued at $6,455,289.60. This trade represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Summit Partners L. P sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $31.64, for a total value of $41,132.00. The disclosure for this sale can be found here. Insiders have sold a total of 354,269 shares of company stock worth $11,488,270 in the last quarter. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC acquired a new position in Klaviyo in the third quarter valued at about $5,513,000. Janus Henderson Group PLC acquired a new position in shares of Klaviyo in the 1st quarter worth approximately $662,000. Swiss National Bank purchased a new position in shares of Klaviyo during the 1st quarter worth approximately $1,776,000. Pier 88 Investment Partners LLC acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $966,000. Finally, SpiderRock Advisors LLC raised its position in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $37.24 on Tuesday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of -206.88 and a beta of 1.13. The firm’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $29.76. Klaviyo has a 12 month low of $21.26 and a 12 month high of $41.00.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.24) earnings per share. Analysts anticipate that Klaviyo will post 0.03 earnings per share for the current fiscal year.

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.