Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Barclays Analyst Says

Klaviyo (NYSE:KVYO) had its price objective hoisted by equities research analysts at Barclays from $47.00 to $51.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 22.05% from the company’s previous close.

Several other analysts also recently issued reports on the company. Citigroup boosted their price target on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their target price on Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler raised their price target on shares of Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of Klaviyo from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Klaviyo has an average rating of “Moderate Buy” and an average target price of $49.44.

Klaviyo Stock Performance

Shares of KVYO opened at $41.79 on Thursday. The firm has a market capitalization of $11.27 billion, a PE ratio of -232.14 and a beta of 0.60. The stock has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $37.92. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55.

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

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the sale, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Amanda Whalen sold 23,950 shares of Klaviyo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $40.04, for a total transaction of $958,958.00. Following the sale, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at $15,840,464.64. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,536 shares of company stock valued at $4,720,953 over the last 90 days. 53.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently bought and sold shares of the stock. Creative Planning acquired a new position in shares of Klaviyo in the third quarter valued at approximately $254,000. SpiderRock Advisors LLC grew its holdings in Klaviyo by 1,571.7% in the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after buying an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in Klaviyo by 181.4% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after buying an additional 441,500 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in Klaviyo during the 3rd quarter worth $5,513,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Klaviyo during the third quarter worth $335,000. 45.43% of the stock is currently 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.