Klaviyo’s (KVYO) Outperform Rating Reiterated at William Blair

William Blair reissued their outperform rating on shares of Klaviyo (NYSE:KVYO) in a report published on Thursday,RTT News reports.

Several other analysts also recently issued reports on KVYO. Loop Capital raised their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Scotiabank raised their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Mizuho raised their price objective on shares of Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday. Cantor Fitzgerald raised their price objective on shares of Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Benchmark raised their price objective on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.44.

Klaviyo Trading Down 5.6 %

Shares of NYSE:KVYO opened at $41.79 on Thursday. Klaviyo has a 12 month low of $21.26 and a 12 month high of $49.55. The company has a 50-day moving average price of $43.72 and a 200 day moving average price of $38.04. The company has a market cap of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. As a group, equities analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 1,050 shares of Klaviyo stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the completion of the transaction, the chief financial officer now directly owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,536 shares of company stock valued at $4,720,953 over the last ninety days. 53.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of KVYO. Creative Planning purchased a new position in Klaviyo in the third quarter worth $254,000. SpiderRock Advisors LLC grew its holdings in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after purchasing an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in Klaviyo by 181.4% in the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after purchasing an additional 441,500 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in Klaviyo in the third quarter worth $5,513,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Klaviyo during the third quarter valued at $335,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.