Mizuho Lowers Klaviyo (NYSE:KVYO) Price Target to $40.00

Klaviyo (NYSE:KVYO) had its target price lowered by stock analysts at Mizuho from $52.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 51.63% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC boosted their price objective on Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Cantor Fitzgerald boosted their price objective on Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Stephens began coverage on shares of Klaviyo in a research note on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price target on the stock. Loop Capital boosted their price target 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. Finally, Morgan Stanley boosted their price target on Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.22.

Klaviyo Stock Down 2.7 %

KVYO stock opened at $26.38 on Tuesday. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55. The business has a fifty day moving average of $36.19 and a 200-day moving average of $38.33. The company has a market cap of $7.20 billion, a P/E ratio of -146.56 and a beta of 1.39.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (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 firm had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. As a group, equities research analysts anticipate that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Klaviyo

In related news, major shareholder Jeff Fagnan acquired 3,900 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average price of $25.77 per share, for a total transaction of $100,503.00. Following the purchase, the insider now owns 3,900 shares of the company’s stock, valued at $100,503. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares in the company, valued at $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,086,246 shares of company stock worth $67,940,758 in the last three months. 53.24% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Klaviyo by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock worth $318,449,000 after buying an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in Klaviyo by 7.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after acquiring an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Klaviyo by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock worth $120,676,000 after acquiring an additional 140,127 shares in the last quarter. Clearbridge Investments LLC lifted its position in Klaviyo by 0.9% in the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock valued at $89,422,000 after acquiring an additional 19,567 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock valued at $80,151,000 after acquiring an additional 635,962 shares in the last quarter. 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.