Klaviyo, Inc. (NYSE:KVYO) Receives $47.89 Consensus Target Price from Analysts

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.21.

Several equities research analysts recently issued reports on KVYO shares. Citigroup raised their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Stephens began coverage on shares of Klaviyo in a research report on Wednesday, March 19th. They set an "overweight" rating and a $43.00 price target on the stock. Barclays lowered their price objective on Klaviyo from $51.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday. Piper Sandler reduced their target price on Klaviyo from $53.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Benchmark increased their price target on Klaviyo from $40.00 to $51.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Stephen Eric Rowland sold 7,060 shares of Klaviyo stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total transaction of $188,219.60. Following the sale, the president now directly owns 447,310 shares of the company's stock, valued at approximately $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. Insiders have sold 2,088,770 shares of company stock valued at $67,947,356 in the last quarter. Corporate insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Klaviyo by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock valued at $318,449,000 after purchasing an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after buying an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Klaviyo by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock valued at $120,676,000 after buying an additional 140,127 shares during the last quarter. Clearbridge Investments LLC raised its stake in Klaviyo by 0.9% during the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock worth $89,422,000 after acquiring an additional 19,567 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock valued at $80,151,000 after acquiring an additional 635,962 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Up 7.3 %

KVYO traded up $1.78 during trading on Friday, reaching $26.23. The company's stock had a trading volume of 2,502,126 shares, compared to its average volume of 1,316,640. The company has a market cap of $7.16 billion, a price-to-earnings ratio of -145.72 and a beta of 1.39. The firm has a fifty day simple moving average of $33.09 and a two-hundred day simple moving average of $37.82. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55.

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