Robert W. Baird Issues Positive Forecast for Klaviyo (NYSE:KVYO) Stock Price

Klaviyo (NYSE:KVYO) had its target price raised by Robert W. Baird from $52.00 to $54.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Cantor Fitzgerald increased their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC increased their price target on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup raised their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Benchmark upped their target price on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised their price target on shares of Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Trading Down 5.9 %

NYSE:KVYO opened at $44.23 on Thursday. The company’s 50-day moving average is $43.66 and its two-hundred day moving average is $37.80. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. Equities research analysts predict that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In related news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now owns 298,607 shares in the company, valued at approximately $12,481,772.60. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares of the company’s stock, valued at approximately $17,277,197. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,536 shares of company stock worth $4,720,953. 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 KVYO. Advisors Asset Management Inc. increased its holdings in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after buying an additional 1,102 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after buying an additional 818 shares in the last quarter. West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $177,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Klaviyo during the 4th quarter valued at about $196,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.