Klaviyo (NYSE:KVYO) Price Target Raised to $45.00 at KeyCorp

Klaviyo (NYSE:KVYO) had its target price hoisted by KeyCorp from $42.00 to $45.00 in a report issued on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

KVYO has been the topic of several other reports. Piper Sandler lifted their price target on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Macquarie reissued a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a research note on Friday, November 8th. Needham & Company LLC boosted their price target on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Benchmark dropped their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.69.

Klaviyo Stock Down 0.5 %

Shares of NYSE KVYO opened at $39.06 on Friday. Klaviyo has a twelve month low of $21.26 and a twelve month high of $41.00. The firm has a market capitalization of $10.53 billion, a P/E ratio of -217.00 and a beta of 0.97. The stock’s 50-day simple moving average is $37.41 and its two-hundred day simple moving average is $31.16.

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

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.36, for a total value of $353,600.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at approximately $14,950,667.68. This represents a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares of the company’s stock, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,650 shares of company stock worth $4,676,705 in the last quarter. Corporate insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lisanti Capital Growth LLC purchased a new position in shares of Klaviyo during the third quarter valued at approximately $5,513,000. Pier 88 Investment Partners LLC purchased a new stake in Klaviyo during the 3rd quarter valued at $966,000. SpiderRock Advisors LLC lifted its holdings in shares of Klaviyo by 1,571.7% during the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after buying an additional 471,500 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Klaviyo in the 3rd quarter worth $5,113,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Klaviyo in the second quarter worth $747,000. Institutional investors own 45.43% of the company’s stock.

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.