Barclays Has Lowered Expectations for Klaviyo (NYSE:KVYO) Stock Price

Klaviyo (NYSE:KVYO - Get Free Report) had its price target reduced by Barclays from $51.00 to $35.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 18.32% from the company's current price.

KVYO has been the topic of a number of other reports. Robert W. Baird lifted their price target on shares of Klaviyo from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Loop Capital upped their price target on shares of Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley cut their price objective on Klaviyo from $50.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company decreased their target price on Klaviyo from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group increased their target price on Klaviyo from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Klaviyo presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.47.

Klaviyo Trading Up 2.2 %

Shares of KVYO traded up $0.64 during mid-day trading on Monday, reaching $29.58. The company had a trading volume of 1,818,319 shares, compared to its average volume of 1,334,505. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The firm has a fifty day simple moving average of $32.38 and a 200-day simple moving average of $37.74. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of -164.33 and a beta of 1.39.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The firm had revenue of $270.16 million for the quarter, compared to analysts' expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. As a group, equities analysts predict that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the transaction, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Eric Rowland sold 7,060 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $26.66, for a total value of $188,219.60. Following the transaction, the president now directly owns 447,310 shares in the company, valued at $11,925,284.60. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,088,770 shares of company stock worth $67,947,356. Insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

Several institutional investors have recently bought and sold shares of the stock. TFC Financial Management Inc. bought a new stake in shares of Klaviyo during the 1st quarter worth about $27,000. CIBC Private Wealth Group LLC increased its stake in shares of Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after acquiring an additional 1,102 shares during the period. Tower Research Capital LLC TRC raised its holdings in Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after purchasing an additional 818 shares in the last quarter. KBC Group NV acquired a new stake in Klaviyo in the first quarter worth approximately $77,000. Finally, SBI Securities Co. Ltd. bought a new position in Klaviyo during the 4th quarter valued at $196,000. Institutional investors and hedge funds 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.