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

Shares of Klaviyo, Inc. (NYSE:KVYO) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.44.

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price target on shares of Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC raised their price target on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Piper Sandler raised their price target on shares of Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Robert W. Baird raised their price target on shares of Klaviyo from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th.

Klaviyo Price Performance

KVYO opened at $40.32 on Thursday. The company’s 50 day simple moving average is $43.21 and its two-hundred day simple moving average is $38.57. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of -224.02 and a beta of 0.60.

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

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 23,950 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the completion of the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at $15,840,464.64. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the transaction, the president now directly owns 260,403 shares of the company’s stock, valued at $10,426,536.12. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,536 shares of company stock valued at $4,720,953 in the last 90 days. Company insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after purchasing an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after purchasing an additional 818 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Klaviyo during the 4th quarter worth $196,000. Finally, US Bancorp DE purchased a new stake in shares of Klaviyo during the 4th quarter worth $199,000. 45.43% of the stock is owned by hedge funds and other 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.