Klaviyo, Inc. (NYSE:KVYO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $43.3333.

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald cut their target price on shares of Klaviyo from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Robert W. Baird decreased their target price on shares of Klaviyo from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target (down from $55.00) on shares of Klaviyo in a research note on Friday, September 26th. Benchmark upped their price objective on Klaviyo from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group upgraded shares of Klaviyo to a “strong-buy” rating in a research report on Wednesday, October 22nd.

Insider Activity at Klaviyo

In related news, CEO Andrew Bialecki sold 163,331 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $24.37, for a total value of $3,980,376.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $25.03, for a total transaction of $375,450.00. Following the transaction, the chief financial officer owned 481,719 shares in the company, valued at approximately $12,057,426.57. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,741,781 shares of company stock valued at $180,719,288 over the last quarter. 49.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Klaviyo during the 2nd quarter worth about $31,000. CWM LLC grew its holdings in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after acquiring an additional 646 shares in the last quarter. First Horizon Advisors Inc. bought a new position in Klaviyo during the 2nd quarter worth about $37,000. State of Wyoming bought a new position in Klaviyo during the 1st quarter worth about $42,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock worth $43,000 after acquiring an additional 974 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Stock Performance

Klaviyo stock opened at $26.54 on Tuesday. The firm’s fifty day moving average price is $29.06 and its 200-day moving average price is $31.30. The stock has a market cap of $7.96 billion, a P/E ratio of -106.16 and a beta of 1.26. Klaviyo has a fifty-two week low of $23.44 and a fifty-two week high of $49.55.

Klaviyo (NYSE:KVYO) last released its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. The company 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%. On average, analysts predict that Klaviyo will post 0.04 earnings per share for the current year.

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.