Barclays Issues Positive Forecast for Klaviyo (NYSE:KVYO) Stock Price

Klaviyo (NYSE:KVYO) had its price target lifted by Barclays from $47.00 to $51.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms also recently weighed in on KVYO. Wells Fargo & Company decreased their target price on shares of Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday. Scotiabank raised their target price on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Piper Sandler raised their target price on shares of Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday. Loop Capital raised their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Needham & Company LLC raised their target price on shares of Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.44.

Klaviyo Price Performance

Shares of KVYO stock opened at $44.23 on Thursday. The firm has a fifty day moving average of $43.66 and a 200-day moving average of $37.80. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. Research analysts anticipate 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 on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the sale, the chief financial officer now owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the sale, the insider now owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock worth $4,720,953 in the last quarter. 53.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Klaviyo

Several institutional investors have recently made changes to their positions in KVYO. Creative Planning bought a new stake in shares of Klaviyo in the 3rd quarter worth $254,000. SpiderRock Advisors LLC grew its position in Klaviyo by 1,571.7% during the third 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 during the period. Mayflower Financial Advisors LLC grew its position in Klaviyo by 181.4% during the third 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 during the period. Lisanti Capital Growth LLC bought a new position in Klaviyo during the third quarter valued at about $5,513,000. Finally, Aigen Investment Management LP bought a new position in Klaviyo during the third quarter valued at about $335,000. 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.