Klaviyo, Inc. (NYSE:KVYO) Receives $35.50 Consensus Price Target from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYOGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $35.50.

Several research firms recently weighed in on KVYO. FBN Securities initiated coverage on shares of Klaviyo in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $35.00 target price for the company. Piper Sandler reissued an “overweight” rating and issued a $38.00 price target on shares of Klaviyo in a report on Wednesday, February 28th. Scotiabank initiated coverage on shares of Klaviyo in a research report on Tuesday, April 2nd. They set a “sector perform” rating and a $30.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a research note on Friday, May 17th. Finally, Barclays cut their target price on shares of Klaviyo from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th.

Read Our Latest Stock Report on KVYO

Insider Transactions at Klaviyo

In related news, insider Landon Edmond sold 3,545 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the completion of the transaction, the insider now directly owns 167,127 shares of the company’s stock, valued at $4,036,117.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now owns 167,127 shares in the company, valued at $4,036,117.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jennifer Ceran sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total value of $320,450.00. The disclosure for this sale can be found here. Corporate insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in shares of Klaviyo during the 4th quarter valued at $25,000. New York State Common Retirement Fund bought a new position in shares of Klaviyo in the third quarter worth about $65,000. EntryPoint Capital LLC bought a new position in shares of Klaviyo in the first quarter worth about $71,000. Moody National Bank Trust Division purchased a new stake in shares of Klaviyo during the fourth quarter worth about $231,000. Finally, SVB Wealth LLC purchased a new stake in shares of Klaviyo during the first quarter worth about $299,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Price Performance

Shares of KVYO opened at $22.73 on Tuesday. The firm has a fifty day moving average of $23.89 and a 200-day moving average of $26.31. Klaviyo has a 1 year low of $21.51 and a 1 year high of $39.47.

Klaviyo (NYSE:KVYOGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $202.08 million. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. Analysts expect that Klaviyo will post -0.11 earnings per share for the current year.

Klaviyo Company Profile

(Get Free Report

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.

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Analyst Recommendations for Klaviyo (NYSE:KVYO)

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