Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Klaviyo (NYSE:KVYO - Free Report) had its price objective upped by Wells Fargo & Company from $26.00 to $32.00 in a report issued on Monday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also weighed in on the stock. Mizuho reduced their price target on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald boosted their price target on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research note on Thursday, February 20th. Citigroup boosted their target price on Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Klaviyo from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.11.

Klaviyo Trading Up 6.9 %

Klaviyo stock traded up $2.18 during mid-day trading on Monday, reaching $33.78. The company had a trading volume of 7,107,010 shares, compared to its average volume of 1,416,948. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The company has a market cap of $9.23 billion, a P/E ratio of -187.67 and a beta of 1.35. The business has a fifty day simple moving average of $30.73 and a 200 day simple moving average of $37.44.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 0.89% and a negative net margin of 4.92%. The company had revenue of $279.83 million for the quarter, compared to the consensus estimate of $267.79 million. During the same period in the previous year, the business earned $0.13 EPS. The firm's revenue was up 33.3% compared to the same quarter last year. Research analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 36,710 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $35.08, for a total value of $1,287,786.80. Following the sale, the president now directly owns 246,254 shares in the company, valued at $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the 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 approximately $100,503. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 2,073,770 shares of company stock valued at $67,259,606 in the last three months. 53.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently bought and sold shares of KVYO. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Klaviyo by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,516 shares of the company's stock valued at $379,000 after purchasing an additional 1,177 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Klaviyo during the first quarter worth approximately $455,000. Cetera Investment Advisers increased its holdings in shares of Klaviyo by 58.5% in the 1st quarter. Cetera Investment Advisers now owns 10,656 shares of the company's stock valued at $322,000 after acquiring an additional 3,932 shares during the period. Avantax Advisory Services Inc. purchased a new stake in Klaviyo in the 1st quarter valued at $273,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Klaviyo by 13.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 13,900 shares of the company's stock worth $421,000 after purchasing an additional 1,600 shares during the period. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.