Klaviyo, Inc. (NYSE:KVYO) Stock Has Consensus Target Price of $27.14

Klaviyo, Inc. (NYSE:KVYO) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.14.

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and issued a $21.00 target price on shares of Klaviyo in a report on Thursday, August 6th. Wells Fargo & Company set a $29.00 price target on shares of Klaviyo in a research report on Thursday, August 6th. Morgan Stanley set a $31.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Benchmark lowered Klaviyo from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut Klaviyo from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Klaviyo Trading Up 2.7%

Klaviyo stock opened at $16.16 on Friday. Klaviyo has a twelve month low of $12.53 and a twelve month high of $33.35. The stock’s fifty day simple moving average is $17.64 and its 200-day simple moving average is $17.10. The firm has a market capitalization of $4.60 billion, a P/E ratio of 808.25 and a beta of 0.68.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Sell-side analysts predict that Klaviyo will post 0.2 earnings per share for the current year.

Insider Transactions at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $18.47, for a total value of $258,580.00. Following the completion of the sale, the chief financial officer owned 824,192 shares in the company, valued at approximately $15,222,826.24. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ed Hallen sold 98,782 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $20.48, for a total value of $2,023,055.36. Following the completion of the sale, the director owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. This represents a 51.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,177,986 shares of company stock worth $92,126,466. Insiders own 37.42% of the company’s stock.

Institutional Trading of Klaviyo

A number of large investors have recently bought and sold shares of the business. Capital International Investors acquired a new position in Klaviyo in the fourth quarter valued at $415,254,000. Sands Capital Alternatives LLC boosted its stake in shares of Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock worth $118,505,000 after buying an additional 134,613 shares during the period. Fiera Capital Corp boosted its stake in shares of Klaviyo by 87.7% during the fourth quarter. Fiera Capital Corp now owns 2,331,650 shares of the company’s stock worth $75,709,000 after buying an additional 1,089,704 shares during the period. Bank of America Corp DE grew its holdings in shares of Klaviyo by 88.9% during the first quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock worth $32,825,000 after buying an additional 793,613 shares during the last quarter. Finally, Norges Bank acquired a new position in Klaviyo in the 4th quarter valued at about $49,300,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc (NYSE: KVYO) provides a marketing automation and customer data platform designed primarily for businesses that sell directly to consumers. Its software helps companies collect, organize and analyze customer data, then use that information to create targeted and personalized marketing campaigns.

The company’s platform supports email, SMS and mobile push messaging, as well as automated workflows, audience segmentation, customer analytics, sign-up forms and related campaign-management tools.