Wall Street Zen Downgrades Klaviyo (NYSE:KVYO) to Hold

Klaviyo (NYSE:KVYO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other equities analysts also recently commented on the stock. Robert W. Baird increased their target price on shares of Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Klaviyo in a report on Friday, September 26th. Stephens cut their price objective on Klaviyo from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Benchmark reaffirmed a “buy” rating on shares of Klaviyo in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald lowered their price target on Klaviyo from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.90.

Klaviyo Price Performance

KVYO stock opened at $28.56 on Friday. The firm has a market capitalization of $8.62 billion, a P/E ratio of -119.00 and a beta of 1.26. Klaviyo has a 52-week low of $23.44 and a 52-week high of $49.55. The company’s 50 day simple moving average is $27.51 and its 200-day simple moving average is $30.97.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.16 EPS for the quarter. The firm had revenue of $293.12 million during the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%. Sell-side analysts predict that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $25.03, for a total value of $375,450.00. Following the sale, the chief financial officer directly owned 481,719 shares in the company, valued at approximately $12,057,426.57. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Bialecki sold 144,717 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $27.76, for a total value of $4,017,343.92. The SEC filing for this sale provides additional information. Insiders sold a total of 5,826,203 shares of company stock worth $182,108,343 over the last quarter. 49.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently made changes to their positions in KVYO. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Klaviyo in the second quarter valued at approximately $31,000. CWM LLC raised its stake in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after buying an additional 646 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after buying an additional 908 shares during the period. First Horizon Advisors Inc. bought a new position in Klaviyo during the second quarter worth about $37,000. Finally, State of Wyoming acquired a new position in Klaviyo in the first quarter valued at about $42,000. Institutional investors own 45.43% of the company’s stock.

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.