Klaviyo, Inc. (NYSE:KVYO – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 10,090,000 shares, a decline of 9.0% from the July 15th total of 11,090,000 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is currently 7.6 days. Approximately 22.3% of the company’s shares are sold short.
Analysts Set New Price Targets
A number of research firms have issued reports on KVYO. Cantor Fitzgerald boosted their price target on Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Piper Sandler boosted their price objective on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research note on Thursday, August 8th. Mizuho reduced their price objective on Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays boosted their price objective on Klaviyo from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.65.
Get Our Latest Stock Report on KVYO
Insider Activity
Hedge Funds Weigh In On Klaviyo
Institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Klaviyo during the fourth quarter valued at approximately $1,780,000. Janus Henderson Group PLC bought a new position in Klaviyo in the 1st quarter worth approximately $662,000. Swiss National Bank bought a new position in Klaviyo during the 1st quarter valued at $1,776,000. Jump Financial LLC bought a new position in Klaviyo during the 4th quarter valued at $1,708,000. Finally, Pursue Wealth Partners LLC bought a new position in Klaviyo during the 4th quarter valued at $1,753,000. 45.43% of the stock is owned by institutional investors.
Klaviyo Trading Up 1.5 %
NYSE:KVYO opened at $32.25 on Tuesday. Klaviyo has a one year low of $21.26 and a one year high of $39.47. The business’s 50-day simple moving average is $25.32 and its 200 day simple moving average is $25.19.
Klaviyo (NYSE:KVYO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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. During the same quarter in the previous year, the company earned $0.09 EPS. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. Sell-side analysts forecast that Klaviyo will post -0.11 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than Klaviyo
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Mutual Funds vs ETFs: Key Differences
- What is the Dogs of the Dow Strategy? Overview and Examples
- Goodyear Tire Stock: Bargain Buy or Time to Junk It?
- What are earnings reports?
- Merck’s Stock Dip Offers a Buying Opportunity: Here’s Why
Receive News & Ratings for Klaviyo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klaviyo and related companies with MarketBeat.com's FREE daily email newsletter.