Brokerages Set Klaviyo, Inc. (NYSE:KVYO) Target Price at $43.18

Klaviyo, Inc. (NYSE:KVYO) has earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $43.18.

KVYO has been the topic of a number of analyst reports. Needham & Company LLC raised their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, November 7th. KeyCorp raised their price target on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus began coverage on Klaviyo in a research report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler raised their target price on Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th.

Klaviyo Price Performance

KVYO stock opened at $48.02 on Friday. Klaviyo has a 1 year low of $21.26 and a 1 year high of $48.73. The firm has a market capitalization of $12.95 billion, a P/E ratio of -266.74 and a beta of 0.60. The business’s 50-day moving average is $41.30 and its two-hundred day moving average is $35.97.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm had revenue of $235.09 million for the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter last year, the company earned ($1.24) earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. On average, analysts expect that Klaviyo will post 0.03 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares of the company’s stock, valued at $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, the president now directly owns 186,785 shares of the company’s stock, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,072 shares of company stock worth $6,778,517. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC grew its stake in shares of Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares during the period. SpiderRock Advisors LLC grew its position in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares during the period. Mayflower Financial Advisors LLC grew its position in Klaviyo by 181.4% during the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after buying an additional 441,500 shares during the period. Two Sigma Advisers LP increased its holdings in Klaviyo by 121.5% in the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock valued at $23,828,000 after buying an additional 369,400 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Klaviyo during the 4th quarter valued at approximately $12,781,000. Hedge funds and other 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.