Analysts Set Klaviyo, Inc. (NYSE:KVYO) PT at $42.79

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.79.

A number of equities analysts recently commented on KVYO shares. Stifel Nicolaus increased their price target on Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Scotiabank set a $35.00 target price on Klaviyo and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. William Blair reissued an "outperform" rating on shares of Klaviyo in a report on Thursday, February 20th. Mizuho reduced their price target on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays increased their price objective on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th.

Insiders Place Their Bets

In related news, major shareholder Jeff Fagnan bought 3,900 shares of Klaviyo stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of $25.77 per share, with a total value of $100,503.00. Following the completion of the transaction, the insider now owns 3,900 shares in the company, valued at $100,503. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at $11,726,355.42. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,087,320 shares of company stock valued at $333,128,245 over the last 90 days. Insiders own 49.92% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Wilmington Savings Fund Society FSB boosted its stake in Klaviyo by 17,445.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company's stock valued at $666,000 after acquiring an additional 16,050 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Klaviyo during the fourth quarter worth $12,781,000. Legato Capital Management LLC lifted its holdings in shares of Klaviyo by 21.7% in the 4th quarter. Legato Capital Management LLC now owns 40,032 shares of the company's stock valued at $1,651,000 after buying an additional 7,142 shares during the period. New York State Common Retirement Fund lifted its holdings in Klaviyo by 41.0% in the fourth quarter. New York State Common Retirement Fund now owns 22,297 shares of the company's stock valued at $920,000 after acquiring an additional 6,488 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Klaviyo by 370.1% in the 4th quarter. Ieq Capital LLC now owns 51,024 shares of the company's stock valued at $2,104,000 after purchasing an additional 40,171 shares during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Stock Performance

Shares of Klaviyo stock traded up $0.11 on Friday, hitting $34.06. 1,673,036 shares of the company traded hands, compared to its average volume of 1,524,210. Klaviyo has a 52 week low of $21.26 and a 52 week high of $49.55. The business has a 50-day simple moving average of $30.90 and a 200 day simple moving average of $36.97. The stock has a market capitalization of $10.12 billion, a P/E ratio of -189.22 and a beta of 1.44.

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