Klaviyo, Inc. (NYSE:KVYO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.38.

Several research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Klaviyo in a research note on Tuesday. They set a “buy” rating and a $45.00 price objective on the stock. KeyCorp upgraded shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a report on Thursday, August 8th. Piper Sandler boosted their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Cantor Fitzgerald boosted their target price on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Robert W. Baird boosted their target price on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th.

Insider Activity

In other Klaviyo news, major shareholder Jeff Fagnan bought 9,485 shares of Klaviyo stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $26.43 per share, with a total value of $250,688.55. Following the completion of the transaction, the insider now owns 9,485 shares in the company, valued at $250,688.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Jeff Fagnan acquired 9,485 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $26.43 per share, with a total value of $250,688.55. Following the completion of the transaction, the insider now directly owns 9,485 shares of the company’s stock, valued at $250,688.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Summit Partners L. P sold 242,601 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $31.78, for a total transaction of $7,709,859.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 871,477 shares of company stock valued at $27,610,861. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Klaviyo in the third quarter worth about $53,000. William Marsh Rice University bought a new position in shares of Klaviyo in the third quarter worth about $245,000. Renaissance Capital LLC lifted its holdings in shares of Klaviyo by 134.6% in the third quarter. Renaissance Capital LLC now owns 78,401 shares of the company’s stock worth $2,774,000 after acquiring an additional 44,977 shares during the last quarter. Cabot Wealth Management Inc. increased its stake in shares of Klaviyo by 101.1% in the third quarter. Cabot Wealth Management Inc. now owns 90,425 shares of the company’s stock valued at $3,199,000 after buying an additional 45,451 shares during the period. Finally, Creative Planning acquired a new position in shares of Klaviyo in the third quarter valued at approximately $254,000. Institutional investors own 45.43% of the company’s stock.

Klaviyo Trading Up 1.1 %

KVYO opened at $38.70 on Friday. The stock has a market capitalization of $10.24 billion and a PE ratio of -27.45. Klaviyo has a 1-year low of $21.26 and a 1-year high of $39.19. The firm has a 50-day moving average price of $33.68 and a two-hundred day moving average price of $27.47.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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%. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. On average, research analysts predict that Klaviyo will post -0.01 EPS for the current 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.