Klaviyo (NYSE:KVYO) Price Target Raised to $51.00

Klaviyo (NYSE:KVYO) had its price target raised by Benchmark from $40.00 to $51.00 in a research note published on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lifted their price target on Klaviyo from $41.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price objective on Klaviyo from $38.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Loop Capital raised their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. KeyCorp raised their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC raised their price objective on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.94.

Klaviyo Stock Down 0.7 %

NYSE KVYO opened at $46.94 on Wednesday. Klaviyo has a 52 week low of $21.26 and a 52 week high of $49.55. The business’s fifty day simple moving average is $43.56 and its 200-day simple moving average is $37.75. The firm has a market cap of $12.66 billion, a PE ratio of -260.76 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Research analysts expect that Klaviyo will post 0.03 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the transaction, the chief financial officer now directly owns 376,820 shares of the company’s stock, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock valued at $4,720,953 in the last three months. 53.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC lifted its stake in Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares during the last quarter. Focus Partners Wealth purchased a new stake in Klaviyo during the fourth quarter worth approximately $38,870,000. D. E. Shaw & Co. Inc. lifted its stake in Klaviyo by 195.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company’s stock worth $54,034,000 after purchasing an additional 866,749 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Klaviyo during the fourth quarter worth approximately $30,851,000. Finally, Ameriprise Financial Inc. lifted its stake in Klaviyo by 229.5% during the fourth quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company’s stock worth $40,507,000 after purchasing an additional 684,026 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

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.