Klaviyo (NYSE:KVYO) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Klaviyo (NYSE:KVYO) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Wall Street Zen lowered shares of Klaviyo from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Stephens reduced their price target on shares of Klaviyo from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Wells Fargo & Company began coverage on shares of Klaviyo in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price target on the stock. Macquarie reiterated a “neutral” rating and set a $37.00 target price on shares of Klaviyo in a research report on Wednesday, August 6th. Finally, TD Cowen upped their target price on shares of Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.71.

Klaviyo Stock Up 0.4%

NYSE KVYO opened at $26.27 on Wednesday. The stock has a market cap of $7.88 billion, a P/E ratio of -105.07 and a beta of 1.26. Klaviyo has a twelve month low of $23.44 and a twelve month high of $49.55. The company’s 50-day simple moving average is $29.79 and its 200 day simple moving average is $31.26.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. The firm had revenue of $293.12 million for the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. Research analysts anticipate that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In related news, CEO Andrew Bialecki sold 163,331 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $24.37, for a total transaction of $3,980,376.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ed Hallen sold 89,748 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the sale, the director directly owned 177,776 shares of the company’s stock, valued at approximately $5,637,276.96. This trade represents a 33.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,741,781 shares of company stock valued at $180,719,288 over the last 90 days. Company insiders own 49.92% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently bought and sold shares of the company. Main Management ETF Advisors LLC increased its stake in Klaviyo by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock valued at $763,000 after purchasing an additional 372 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Klaviyo by 22.7% in the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares in the last quarter. CWM LLC increased its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after purchasing an additional 646 shares in the last quarter. Petrus Trust Company LTA increased its stake in Klaviyo by 7.0% in the first quarter. Petrus Trust Company LTA now owns 13,439 shares of the company’s stock valued at $407,000 after purchasing an additional 884 shares in the last quarter. Finally, TFC Financial Management Inc. bought a new stake in Klaviyo in the first quarter valued at approximately $27,000. Institutional investors own 45.43% of the company’s stock.

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.