Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Klaviyo (NYSE:KVYO) had its price target lifted by equities research analysts at Morgan Stanley from $38.00 to $47.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 19.08% from the company’s current price.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. KeyCorp raised their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus initiated coverage on Klaviyo in a research note on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $39.47 on Monday. The company has a market capitalization of $10.64 billion, a P/E ratio of -219.27 and a beta of 0.57. Klaviyo has a 1 year low of $21.26 and a 1 year high of $44.77. The company’s fifty day moving average is $39.24 and its two-hundred day moving average is $34.11.

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

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00. Following the transaction, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,536 shares of company stock worth $5,909,146 over the last ninety days. Insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Klaviyo during the 3rd quarter valued at about $53,000. West Tower Group LLC bought a new position in Klaviyo in the 3rd quarter worth $177,000. Victory Capital Management Inc. bought a new position in shares of Klaviyo in the third quarter worth about $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo in the 3rd quarter worth approximately $245,000. 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.