Klaviyo, Inc. (NYSE:KVYO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Klaviyo, Inc. (NYSE:KVYO) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.65.

KVYO has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research note on Wednesday, September 4th. Piper Sandler increased their price objective on shares of Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Cantor Fitzgerald boosted their target price on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Barclays increased their price target on shares of Klaviyo from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research note on Thursday, August 8th.

Insiders Place Their Bets

In other news, CTO Allen Chaves sold 130,000 shares of Klaviyo stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $31.85, for a total transaction of $4,140,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CTO Allen Chaves sold 130,000 shares of Klaviyo stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.85, for a total transaction of $4,140,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now owns 192,488 shares in the company, valued at approximately $6,096,094.96. The disclosure for this sale can be found here. Insiders sold a total of 843,363 shares of company stock worth $26,583,602 in the last 90 days. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds have recently bought and sold shares of KVYO. Bank of New York Mellon Corp boosted its stake in shares of Klaviyo by 677.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock valued at $68,749,000 after buying an additional 2,406,973 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Klaviyo by 243.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock worth $40,896,000 after acquiring an additional 1,042,902 shares in the last quarter. Claro Advisors LLC acquired a new position in Klaviyo during the 1st quarter worth $23,510,000. Glynn Capital Management LLC increased its position in shares of Klaviyo by 291.3% in the 1st quarter. Glynn Capital Management LLC now owns 1,139,307 shares of the company’s stock worth $29,030,000 after purchasing an additional 848,152 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Klaviyo in the 4th quarter valued at about $21,258,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Stock Down 0.1 %

Klaviyo stock opened at $35.20 on Monday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $37.36. The firm’s 50-day moving average is $30.17 and its two-hundred day moving average is $26.07.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $222.21 million for the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. Klaviyo’s revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, research analysts anticipate that Klaviyo will post -0.01 EPS for the current fiscal year.

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.