Klaviyo, Inc. (NYSE:KVYO) Receives $42.79 Consensus PT from Analysts

Klaviyo, Inc. (NYSE:KVYO) has earned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $42.79.

Several brokerages recently weighed in on KVYO. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Mizuho decreased their target price on Klaviyo from $52.00 to $40.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Scotiabank set a $35.00 price target on Klaviyo and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Robert W. Baird decreased their price target on shares of Klaviyo from $54.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Cantor Fitzgerald upgraded shares of Klaviyo to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Tuesday, June 3rd.

Klaviyo Trading Up 0.5%

Shares of KVYO stock opened at $34.22 on Friday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of -190.08 and a beta of 1.44. The stock has a 50 day simple moving average of $31.26 and a 200-day simple moving average of $36.92. 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 results on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The company had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, equities analysts forecast that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Carmel Galvin sold 11,156 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $35.01, for a total transaction of $390,571.56. Following the completion of the transaction, the insider now owns 711,805 shares of the company’s stock, valued at approximately $24,920,293.05. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Eric Rowland sold 7,060 shares of Klaviyo stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $26.66, for a total value of $188,219.60. Following the sale, the president now directly owns 447,310 shares in the company, valued at $11,925,284.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,087,320 shares of company stock valued at $333,128,245 in the last quarter. Insiders own 49.92% of the company’s stock.

Institutional Trading of Klaviyo

Several large investors have recently added to or reduced their stakes in KVYO. Focus Partners Wealth bought a new position in Klaviyo in the 4th quarter worth approximately $38,870,000. D. E. Shaw & Co. Inc. raised its holdings in Klaviyo by 195.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company’s stock worth $54,034,000 after purchasing an additional 866,749 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Klaviyo by 105.6% during the first quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company’s stock worth $46,546,000 after acquiring an additional 790,146 shares during the period. Vanguard Group Inc. raised its holdings in shares of Klaviyo by 9.7% during the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after acquiring an additional 746,078 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Klaviyo by 229.5% during the fourth quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company’s stock worth $40,507,000 after acquiring an additional 684,026 shares during the period. 45.43% of the stock is owned by institutional investors.

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.