Klaviyo, Inc. (NYSE:KVYO) Receives $36.88 Average Price Target from Brokerages

Shares of Klaviyo, Inc. (NYSE:KVYO) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.88.

KVYO has been the topic of several research analyst reports. Barclays reduced their price objective on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, January 12th. The Goldman Sachs Group raised shares of Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, February 5th. Cantor Fitzgerald started coverage on shares of Klaviyo in a report on Tuesday, April 16th. They issued an “overweight” rating and a $31.00 target price for the company. Morgan Stanley lowered their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, FBN Securities began coverage on Klaviyo in a research note on Wednesday, March 20th. They set an “outperform” rating and a $35.00 price objective for the company.

Klaviyo Stock Down 0.1 %

Klaviyo stock opened at $22.48 on Friday. Klaviyo has a twelve month low of $22.02 and a twelve month high of $39.47. The stock’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $26.94.

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

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.15, for a total transaction of $85,611.75. Following the completion of the sale, the insider now owns 167,127 shares in the company, valued at approximately $4,036,117.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Clearbridge Investments LLC bought a new position in Klaviyo in the 3rd quarter worth approximately $64,316,000. Vanguard Group Inc. acquired a new position in shares of Klaviyo during the third quarter valued at $49,833,000. Goldman Sachs Group Inc. increased its holdings in shares of Klaviyo by 243.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock valued at $40,896,000 after purchasing an additional 1,042,902 shares during the period. FMR LLC bought a new stake in shares of Klaviyo during the third quarter valued at about $34,203,000. Finally, Claro Advisors LLC acquired a new stake in Klaviyo in the first quarter worth about $23,510,000. Institutional investors own 45.43% of the company’s stock.

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.