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

Klaviyo, Inc. (NYSE:KVYO) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.75.

A number of equities analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group lowered their target price on shares of Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Klaviyo in a research report on Friday, May 17th. Barclays raised shares of Klaviyo from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $29.00 in a research report on Wednesday, June 12th. Finally, Morgan Stanley lowered their target price on shares of Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th.

Klaviyo Stock Performance

KVYO opened at $22.33 on Friday. The stock has a fifty day moving average of $23.16 and a 200-day moving average of $25.64. Klaviyo has a 12-month low of $21.26 and a 12-month high of $39.47.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $202.08 million. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Klaviyo will post -0.11 EPS for the current fiscal year.

Insider Activity at Klaviyo

In related news, Director Jennifer Ceran sold 13,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $24.65, for a total value of $320,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total transaction of $85,611.75. Following the completion of the transaction, 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 can be accessed through the SEC website. Also, Director Jennifer Ceran sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total transaction of $320,450.00. The disclosure for this sale can be found here. 53.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Salem Investment Counselors Inc. acquired a new stake in shares of Klaviyo during the fourth quarter worth approximately $25,000. New York State Common Retirement Fund acquired a new stake in shares of Klaviyo during the third quarter worth approximately $65,000. EntryPoint Capital LLC acquired a new stake in shares of Klaviyo during the first quarter worth approximately $71,000. Moody National Bank Trust Division increased its holdings in shares of Klaviyo by 87.9% during the first quarter. Moody National Bank Trust Division now owns 15,639 shares of the company’s stock worth $398,000 after buying an additional 7,316 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Klaviyo during the third quarter worth approximately $391,000. Institutional investors own 45.43% of the company’s stock.

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.