Klaviyo (NYSE:KVYO) Receives New Coverage from Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald began coverage on shares of Klaviyo (NYSE:KVYO) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $31.00 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 33.10% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays decreased their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, January 12th. Piper Sandler reissued an “overweight” rating and issued a $38.00 target price on shares of Klaviyo in a report on Wednesday, February 28th. FBN Securities started coverage on Klaviyo in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $35.00 price target for the company. The Goldman Sachs Group upgraded Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Monday, February 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Klaviyo in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Klaviyo Price Performance

Shares of KVYO opened at $23.29 on Tuesday. The company’s fifty day moving average is $26.34 and its two-hundred day moving average is $27.79. Klaviyo has a 1 year low of $22.82 and a 1 year high of $39.47.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $201.62 million during the quarter, compared to analyst estimates of $196.02 million. On average, sell-side analysts predict that Klaviyo will post -0.27 earnings per share for the current year.

Insiders Place Their Bets

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now directly owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of Klaviyo

Hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. acquired a new stake in Klaviyo in the 4th quarter worth about $25,000. New York State Common Retirement Fund acquired a new position in shares of Klaviyo in the 3rd quarter valued at about $65,000. Tower Research Capital LLC TRC lifted its stake in shares of Klaviyo by 20,305.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,081 shares of the company’s stock valued at $113,000 after purchasing an additional 4,061 shares in the last quarter. Skylands Capital LLC acquired a new position in shares of Klaviyo in the 3rd quarter valued at about $172,000. Finally, Deutsche Bank AG acquired a new position in shares of Klaviyo in the 3rd quarter valued at about $172,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.