Klaviyo (KVYO) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Klaviyo (NYSE: KVYO) recently:

• 10/22/2024 – Klaviyo is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $45.00 price target on the stock.
• 10/18/2024 – Klaviyo had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.
• 10/18/2024 – Klaviyo had its price target raised by analysts at Piper Sandler from $34.00 to $45.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Klaviyo is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $37.00 price target on the stock.
• 10/11/2024 – Klaviyo had its price target raised by analysts at Barclays PLC from $32.00 to $41.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Klaviyo had its price target raised by analysts at Robert W. Baird from $35.00 to $42.00. They now have an “outperform” rating on the stock.
• 9/30/2024 – Klaviyo is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $42.00 price target on the stock.
• 9/4/2024 – Klaviyo had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.

Klaviyo Stock Performance

Shares of NYSE:KVYO traded down $0.18 during trading hours on Wednesday, reaching $37.53. The stock had a trading volume of 563,437 shares, compared to its average volume of 1,127,317. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $38.50. The firm’s 50 day moving average is $33.52 and its 200-day moving average is $27.39. The stock has a market capitalization of $9.93 billion and a price-to-earnings ratio of -26.62.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. Klaviyo’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Analysts forecast that Klaviyo, Inc. will post -0.01 EPS for the current year.

Insider Transactions at Klaviyo

In other news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the sale, the president now owns 192,488 shares in the company, valued at approximately $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Jeff Fagnan acquired 9,485 shares of Klaviyo stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $26.43 per share, for a total transaction of $250,688.55. Following the completion of the purchase, the insider now directly owns 9,485 shares of the company’s stock, valued at approximately $250,688.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the sale, the president now owns 192,488 shares of the company’s stock, valued at $7,158,628.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 871,477 shares of company stock worth $27,610,861. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $53,000. EntryPoint Capital LLC purchased a new position in Klaviyo during the 1st quarter valued at about $71,000. Dark Forest Capital Management LP increased its holdings in Klaviyo by 13.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock valued at $590,000 after acquiring an additional 2,851 shares in the last quarter. Arizona State Retirement System increased its holdings in Klaviyo by 67.1% during the 2nd quarter. Arizona State Retirement System now owns 16,221 shares of the company’s stock valued at $404,000 after acquiring an additional 6,512 shares in the last quarter. Finally, William Marsh Rice University purchased a new position in Klaviyo during the 3rd quarter valued at about $245,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.