Klaviyo, Inc. (NYSE:KVYO) Given Average Recommendation of "Moderate Buy" by Brokerages

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $43.11.

Several analysts recently issued reports on KVYO shares. Mizuho cut their target price on Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on shares of Klaviyo from $26.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Citigroup boosted their target price on shares of Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their target price on shares of Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Robert W. Baird reduced their price target on shares of Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, March 14th. The shares were sold at an average price of $33.54, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now owns 349,623 shares in the company, valued at approximately $11,726,355.42. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Stephen Eric Rowland sold 36,710 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80. Following the sale, the president now owns 246,254 shares in the company, valued at $8,638,590.32. The trade was a 12.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,073,770 shares of company stock worth $67,259,606. Corporate insiders own 49.92% of the company's stock.

Institutional Trading of Klaviyo

Several hedge funds have recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new position in shares of Klaviyo during the first quarter valued at $574,000. Invesco Ltd. bought a new position in Klaviyo in the 1st quarter valued at about $204,000. Swiss National Bank grew its position in Klaviyo by 22.4% in the 1st quarter. Swiss National Bank now owns 139,800 shares of the company's stock valued at $4,230,000 after buying an additional 25,600 shares in the last quarter. Vanguard Group Inc. increased its stake in Klaviyo by 9.7% during the 1st 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. Finally, Encompass More Asset Management bought a new stake in shares of Klaviyo during the 1st quarter worth about $549,000. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Performance

Shares of NYSE KVYO opened at $35.81 on Tuesday. The company has a market cap of $9.78 billion, a PE ratio of -198.92 and a beta of 1.35. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55. The firm's 50 day moving average price is $30.45 and its 200-day moving average price is $37.34.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The firm had revenue of $279.83 million for the quarter, compared to the consensus estimate of $267.79 million. During the same quarter last year, the firm posted $0.13 EPS. The business's quarterly revenue was up 33.3% compared to the same quarter last year. On average, analysts forecast that Klaviyo will post 0.04 earnings per share for the current fiscal year.

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.

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