Klaviyo, Inc. (NYSE:KVYO) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate Klaviyo a “Moderate Buy”: Of 20 analysts covering the stock, 16 recommend buying, three rate it hold and one rates it sell. Their average 12-month price target is $26.88.
• Klaviyo beat quarterly expectations: It reported EPS of $0.22 versus analysts’ $0.17 estimate and revenue of $387.21 million versus a $380.02 million consensus. Revenue rose 24.5% year over year.
• Company directors sold shares: Insiders sold a total of 374,239 shares worth about $7.4 million in the last quarter; the reported sales were made under pre-arranged trading plans.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.88.

A number of equities research analysts have weighed in on KVYO shares. Mizuho set a $24.00 price objective on Klaviyo in a report on Thursday, November 5th. KeyCorp dropped their target price on Klaviyo from $35.00 to $29.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Citigroup raised their target price on Klaviyo from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, October 28th. Stephens boosted their price target on Klaviyo from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, BTIG Research lowered their price target on Klaviyo from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th.

Insider Activity

In related news, Director Susan St. Ledger sold 2,328 shares of Klaviyo stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $15.93, for a total transaction of $37,085.04. Following the completion of the transaction, the director directly owned 23,433 shares of the company's stock, valued at $373,287.69. This trade represents a 9.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ed Hallen sold 98,782 shares of the business's stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $21.35, for a total transaction of $2,108,995.70. Following the completion of the transaction, the director owned 16,123 shares in the company, valued at approximately $344,226.05. This trade represents a 85.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 374,239 shares of company stock worth $7,407,885 in the last quarter. 37.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. bought a new stake in shares of Klaviyo during the first quarter worth $39,000. Parallel Advisors LLC raised its holdings in shares of Klaviyo by 30.1% in the third quarter. Parallel Advisors LLC now owns 2,276 shares of the company's stock valued at $36,000 after buying an additional 526 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Klaviyo in the third quarter valued at about $45,000. EverSource Wealth Advisors LLC lifted its position in Klaviyo by 2,085.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company's stock worth $74,000 after buying an additional 3,628 shares in the last quarter. Finally, State of Wyoming lifted its position in Klaviyo by 100.8% during the 3rd quarter. State of Wyoming now owns 4,554 shares of the company's stock worth $72,000 after buying an additional 2,286 shares in the last quarter. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Up 3.9%

Shares of KVYO stock traded up $0.84 during trading hours on Friday, reaching $22.18. 5,777,827 shares of the company's stock were exchanged, compared to its average volume of 5,248,313. Klaviyo has a fifty-two week low of $12.53 and a fifty-two week high of $33.35. The stock has a market capitalization of $6.24 billion, a P/E ratio of 1,109.45 and a beta of 0.50. The business has a fifty day moving average price of $18.22 and a 200-day moving average price of $17.86.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The company had revenue of $387.21 million during the quarter, compared to the consensus estimate of $380.02 million. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The company's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. As a group, research analysts expect that Klaviyo will post 0.26 EPS for the current fiscal year.

Klaviyo Company Profile

Klaviyo, Inc. provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement. The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.

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