Klaviyo (NYSE:KVYO) Given New $54.00 Price Target at Robert W. Baird

Klaviyo (NYSE:KVYO) had its price target boosted by analysts at Robert W. Baird from $52.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 28.11% from the company’s current price.

KVYO has been the topic of a number of other reports. Loop Capital upped their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Citigroup increased their target price on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. 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 report on Wednesday, January 29th. Finally, Benchmark increased their price target on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.06.

Klaviyo Trading Down 10.3 %

NYSE:KVYO opened at $42.15 on Thursday. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of -233.86 and a beta of 0.60. The stock has a 50-day moving average price of $43.56 and a two-hundred day moving average price of $37.75. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55.

Klaviyo (NYSE:KVYO) last issued 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 5.23% and a positive return on equity of 0.86%. The firm had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. Sell-side analysts forecast that Klaviyo will post 0.03 earnings per share for the current year.

Insider Buying and Selling

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares of the company’s stock, valued at $17,277,197. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the transaction, the president now owns 260,403 shares of the company’s stock, valued at approximately $10,426,536.12. This trade represents a 1.71 % 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

Hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Klaviyo by 8.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after purchasing an additional 359 shares during the period. Victory Capital Management Inc. increased its stake in Klaviyo by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock worth $267,000 after acquiring an additional 604 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after acquiring an additional 648 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Klaviyo by 5.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company’s stock worth $589,000 after purchasing an additional 677 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. Hedge funds and other 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.