Klaviyo, Inc. (NYSE:KVYO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Klaviyo, Inc. (NYSE:KVYO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.00.

Several brokerages recently weighed in on KVYO. Robert W. Baird lifted their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price objective 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. 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 research note on Friday, October 18th. Finally, KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research note on Thursday, August 8th.

Read Our Latest Research Report on KVYO

Insider Transactions at Klaviyo

In other news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares in the company, valued at $6,455,289.60. This trade represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Summit Partners L. P sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $31.64, for a total value of $41,132.00. The disclosure for this sale can be found here. Insiders have sold a total of 354,269 shares of company stock worth $11,488,270 in the last quarter. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC acquired a new position in Klaviyo in the third quarter valued at about $5,513,000. Janus Henderson Group PLC acquired a new position in shares of Klaviyo in the 1st quarter worth approximately $662,000. Swiss National Bank purchased a new position in shares of Klaviyo during the 1st quarter worth approximately $1,776,000. Pier 88 Investment Partners LLC acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $966,000. Finally, SpiderRock Advisors LLC raised its position in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $37.24 on Tuesday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of -206.88 and a beta of 1.13. The firm’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $29.76. Klaviyo has a 12 month low of $21.26 and a 12 month high of $41.00.

Klaviyo (NYSE:KVYO – Get Free Report) last released 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. The company had revenue of $235.09 million for 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 firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.24) earnings per share. Analysts anticipate that Klaviyo will post 0.03 earnings per share for the current fiscal year.

Klaviyo Company Profile

(Get Free Report

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.

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