Klaviyo (KVYO) Scheduled to Post Quarterly Earnings on Wednesday

Klaviyo (NYSE:KVYO) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Klaviyo has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Klaviyo (NYSE:KVYO) last posted its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $201.62 million during the quarter, compared to the consensus estimate of $196.02 million. On average, analysts expect Klaviyo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Klaviyo Price Performance

KVYO opened at $23.20 on Tuesday. Klaviyo has a 12-month low of $22.02 and a 12-month high of $39.47. The company’s 50 day moving average is $24.64 and its 200 day moving average is $26.89.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Wednesday, February 28th. KeyCorp began coverage on shares of Klaviyo in a report on Thursday, March 21st. They set a “sector weight” rating for the company. Piper Sandler restated an “overweight” rating and set a $38.00 price objective on shares of Klaviyo in a research report on Wednesday, February 28th. The Goldman Sachs Group raised Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, February 5th. Finally, Scotiabank initiated coverage on shares of Klaviyo in a research note on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 price objective for the company. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.88.

Insider Activity at Klaviyo

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

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.