Brokerages Set Klaviyo, Inc. (NYSE:KVYO) PT at $43.65

Key Points

• Klaviyo, Inc. has received a consensus recommendation of "Moderate Buy" from 22 brokerage firms, with an average 1-year target price set at $43.65.
• Major shareholder Summit Partners sold 4 million shares of Klaviyo’s stock for a total of $133.4 million, while insiders have sold over 4 million shares in the past three months.
• Klaviyo reported a 31.9% increase in quarterly revenue year-over-year and beat earnings per share estimates, with a reported EPS of $0.16.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-two research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $43.65.

KVYO has been the subject of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Klaviyo to an "overweight" rating and set a $48.00 price target for the company in a report on Tuesday, June 3rd. TD Cowen upped their price target on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays upped their price target on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Wells Fargo & Company upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $32.00 to $40.00 in a report on Friday, June 13th. Finally, Citigroup upgraded shares of Klaviyo from a "neutral" rating to a "buy" rating and upped their price target for the company from $40.00 to $50.00 in a report on Thursday, August 7th.

Klaviyo Trading Up 2.4%

Klaviyo stock traded up $0.7680 during mid-day trading on Thursday, hitting $32.7480. 1,658,338 shares of the company's stock were exchanged, compared to its average volume of 2,683,349. The stock has a market cap of $9.82 billion, a P/E ratio of -130.99 and a beta of 1.36. Klaviyo has a 1-year low of $23.77 and a 1-year high of $49.55. The stock has a 50 day moving average of $32.52 and a two-hundred day moving average of $33.67.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The firm had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. During the same period in the prior year, the business posted $0.15 earnings per share. The business's quarterly revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that Klaviyo will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $31.32, for a total value of $469,800.00. Following the completion of the sale, the chief financial officer owned 485,515 shares in the company, valued at approximately $15,206,329.80. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.35, for a total transaction of $133,400,000.00. The disclosure for this sale can be found here. Insiders have sold 4,087,383 shares of company stock valued at $136,183,878 in the last quarter. 49.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Klaviyo by 9.7% in the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after buying an additional 746,078 shares during the period. Alliancebernstein L.P. lifted its stake in Klaviyo by 10.1% during the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock worth $148,566,000 after purchasing an additional 404,969 shares during the period. Whale Rock Capital Management LLC lifted its stake in Klaviyo by 7.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after purchasing an additional 267,845 shares during the period. Sands Capital Alternatives LLC lifted its stake in Klaviyo by 2.1% during the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock worth $118,036,000 after purchasing an additional 71,550 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Klaviyo by 9.0% during the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock worth $97,752,000 after purchasing an additional 241,207 shares during the period. Institutional investors own 45.43% of the company's stock.

About Klaviyo

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.