Klaviyo, Inc. (NYSE:KVYO) Receives $39.69 Average Price Target from Analysts

Klaviyo, Inc. (NYSE:KVYO) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.69.

A number of equities research analysts have recently commented on KVYO shares. Macquarie reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Cantor Fitzgerald lifted their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company reissued a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Barclays lifted their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Stifel Nicolaus started coverage on Klaviyo in a research report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $39.39, for a total value of $590,850.00. Following the completion of the sale, the chief financial officer now owns 391,820 shares of the company’s stock, valued at approximately $15,433,789.80. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares of the company’s stock, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,650 shares of company stock valued at $4,676,705 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of KVYO. SG Americas Securities LLC purchased a new position in Klaviyo in the second quarter worth approximately $236,000. Washington Capital Management Inc. purchased a new position in shares of Klaviyo during the 2nd quarter worth $428,000. Bank of New York Mellon Corp increased its position in shares of Klaviyo by 677.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after purchasing an additional 2,406,973 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Klaviyo by 1,447.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,852 shares of the company’s stock valued at $668,000 after buying an additional 25,117 shares during the last quarter. Finally, Claro Advisors LLC boosted its stake in Klaviyo by 38.7% during the second quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock worth $31,860,000 after buying an additional 357,355 shares during the period. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Trading Up 3.0 %

KVYO opened at $44.08 on Friday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $44.77. The firm has a market capitalization of $11.89 billion, a PE ratio of -244.88 and a beta of 0.97. The firm has a 50 day moving average of $38.09 and a two-hundred day moving average of $31.74.

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

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.