Cantor Fitzgerald Issues Positive Forecast for Klaviyo (NYSE:KVYO) Stock Price

by · The Markets Daily

Klaviyo (NYSE:KVYO – Free Report) had its price target increased by Cantor Fitzgerald from $33.00 to $47.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently issued reports on KVYO. Stifel Nicolaus began coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Macquarie began coverage on shares of Klaviyo in a report on Thursday, October 31st. They issued a “neutral” rating and a $36.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Klaviyo in a report on Wednesday, September 4th. Finally, Robert W. Baird upped their price objective on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Get Our Latest Stock Analysis on Klaviyo

Klaviyo Trading Down 1.3 %

NYSE:KVYO traded down $0.43 during trading hours on Thursday, hitting $33.35. 2,299,979 shares of the stock traded hands, compared to its average volume of 895,890. The firm has a 50 day moving average price of $35.21 and a 200 day moving average price of $28.66. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $41.00. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -185.27 and a beta of 1.13.

Klaviyo (NYSE:KVYO – Get Free Report) 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 negative net margin of 5.23% and a positive return on equity of 0.87%. The business had revenue of $235.09 million for the quarter, compared to analysts’ expectations of $226.33 million. During the same period in the previous year, the company posted ($1.24) EPS. Klaviyo’s revenue was up 33.7% on a year-over-year basis. Research analysts predict that Klaviyo will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the sale, the president now directly owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Allen Chaves sold 130,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $31.59, for a total transaction of $4,106,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the sale, the president now directly owns 192,488 shares in the company, valued at $7,158,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 789,711 shares of company stock valued at $25,143,646 over the last quarter. Corporate insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 808 shares during the period. nVerses Capital LLC acquired a new stake in Klaviyo in the 3rd quarter valued at $53,000. EntryPoint Capital LLC acquired a new stake in Klaviyo in the 1st quarter valued at $71,000. Victory Capital Management Inc. acquired a new stake in Klaviyo in the 3rd quarter valued at $208,000. Finally, SG Americas Securities LLC acquired a new stake in Klaviyo in the 2nd quarter valued at $236,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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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