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

Klaviyo, Inc. (NYSE:KVYO) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $39.00.

A number of analysts have recently weighed in on the stock. KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research note on Thursday, August 8th. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Robert W. Baird boosted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, October 18th.

Klaviyo Trading Up 0.7 %

Shares of NYSE:KVYO opened at $36.89 on Tuesday. The company has a 50 day moving average of $36.26 and a 200-day moving average of $29.61. The firm has a market cap of $9.95 billion, a P/E ratio of -204.94 and a beta of 1.13. Klaviyo has a twelve month low of $21.26 and a twelve month high of $41.00.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.24) EPS. Equities research analysts forecast that Klaviyo will post 0.03 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $31.24, for a total value of $565,881.36. Following the transaction, the president now owns 192,488 shares in the company, valued at approximately $6,013,325.12. This represents a 8.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the completion of the sale, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $12,566,002.36. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 376,033 shares of company stock worth $12,190,812. 53.24% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Several large investors have recently added to or reduced their stakes in the business. Swiss National Bank bought a new stake in shares of Klaviyo during the 1st quarter worth $1,776,000. Clearbridge Investments LLC boosted its holdings in shares of Klaviyo by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock worth $56,201,000 after buying an additional 31,587 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Klaviyo during the 1st quarter worth $71,000. SVB Wealth LLC bought a new stake in shares of Klaviyo during the 1st quarter worth $299,000. Finally, Whale Rock Capital Management LLC boosted its holdings in shares of Klaviyo by 122.0% during the 1st quarter. Whale Rock Capital Management LLC now owns 579,113 shares of the company’s stock worth $14,756,000 after buying an additional 318,217 shares during the period. 45.43% of the stock is owned by institutional investors.

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.