Klaviyo (KVYO) to Release Quarterly Earnings on Wednesday

Klaviyo (NYSE:KVYO) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Klaviyo has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The business had revenue of $222.21 million for the quarter, compared to analysts’ expectations of $212.34 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 35.0% compared to the same quarter last year. On average, analysts expect Klaviyo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Klaviyo Stock Up 4.2 %

Shares of NYSE KVYO opened at $39.64 on Monday. The business has a 50-day moving average price of $34.66 and a 200 day moving average price of $28.24. The stock has a market cap of $10.57 billion, a PE ratio of -28.11 and a beta of 1.12. Klaviyo has a 52-week low of $21.26 and a 52-week high of $39.93.

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38. Following the sale, the president now directly owns 192,488 shares in the company, valued at approximately $6,096,094.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Landon Edmond sold 21,766 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.02, for a total value of $653,415.32. Following the completion of the transaction, the insider now directly owns 260,413 shares of the company’s stock, valued at $7,817,598.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction on Friday, August 16th. The stock was sold at an average price of $31.67, for a total value of $573,670.38. Following the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at approximately $6,096,094.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 871,477 shares of company stock worth $27,610,861. 53.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KVYO shares. Barclays increased their price objective on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Robert W. Baird raised their price objective on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Macquarie started coverage on shares of Klaviyo in a research note on Thursday. They set a “neutral” rating and a $36.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Klaviyo in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and a consensus target price of $37.29.

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.