Klaviyo (NYSE:KVYO) Earns "Overweight" Rating from Piper Sandler

Key Points

• Piper Sandler has reaffirmed an "overweight" rating for Klaviyo (NYSE:KVYO) with a target price cut from $55.00 to $50.00, indicating a potential upside of 53.52% from the previous close.
• In its latest earnings report, Klaviyo reported $0.16 earnings per share, exceeding analysts' expectations and achieving a year-over-year revenue increase of 31.9% to $293.12 million.
• Insider sales have been notable, including Director Ed Hallen selling nearly 90,000 shares, which represents a 33.55% reduction in his ownership stake.

Klaviyo (NYSE:KVYO - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Piper Sandler in a research report issued on Friday,Benzinga reports. They currently have a $50.00 target price on the stock, down from their prior target price of $55.00. Piper Sandler's price objective indicates a potential upside of 53.52% from the company's previous close.

A number of other analysts have also recently weighed in on the stock. Cantor Fitzgerald raised shares of Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a research note on Tuesday, June 3rd. Stephens lowered their target price on shares of Klaviyo from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday. Macquarie reissued a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Klaviyo in a research note on Friday. Finally, Benchmark upped their target price on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Klaviyo has a consensus rating of "Moderate Buy" and a consensus price target of $44.20.

Klaviyo Stock Performance

Shares of KVYO opened at $32.57 on Friday. The company has a 50-day simple moving average of $32.32 and a 200-day simple moving average of $32.06. The firm has a market capitalization of $9.77 billion, a P/E ratio of -130.28 and a beta of 1.36. Klaviyo has a 52 week low of $23.77 and a 52 week high of $49.55.

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

Insider Activity

In other news, Director Ed Hallen sold 89,748 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the transaction, the director directly owned 177,776 shares in the company, valued at approximately $5,637,276.96. This represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $31.87, for a total transaction of $127,480,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,288,771 shares of company stock valued at $169,116,344. Corporate insiders own 49.92% of the company's stock.

Hedge Funds Weigh In On Klaviyo

A number of large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock worth $55,000 after purchasing an additional 1,284 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Klaviyo during the second quarter worth approximately $1,245,000. Squarepoint Ops LLC lifted its position in shares of Klaviyo by 33.9% during the second quarter. Squarepoint Ops LLC now owns 94,290 shares of the company's stock worth $3,166,000 after purchasing an additional 23,857 shares in the last quarter. State of Wyoming lifted its position in shares of Klaviyo by 295.6% during the second quarter. State of Wyoming now owns 5,439 shares of the company's stock worth $183,000 after purchasing an additional 4,064 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Klaviyo during the second quarter worth approximately $223,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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