Klaviyo (NYSE:KVYO) Price Target Cut to $39.00 by Analysts at Robert W. Baird

Key Points

• Analysts at Robert W. Baird have lowered Klaviyo's price target from $44.00 to $39.00, while maintaining an "outperform" rating, indicating a potential upside of 22.18% from its current price.
• Klaviyo reported quarterly earnings of $0.16 EPS, exceeding analysts' expectations of $0.13 EPS, and achieved a revenue of $293.12 million, surpassing estimates of $275.97 million.
• The company's stock has experienced significant insider selling, with CFO Amanda Whalen and CEO Andrew Bialecki selling a combined total valued at over $7.6 million recently.

Klaviyo (NYSE:KVYO - Get Free Report) had its target price decreased by analysts at Robert W. Baird from $44.00 to $39.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price target points to a potential upside of 22.18% from the company's current price.

A number of other equities analysts have also recently commented on KVYO. Wells Fargo & Company raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Klaviyo in a report on Friday. Benchmark upped their price target on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Macquarie restated a "neutral" rating and issued a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.30.

Klaviyo Price Performance

NYSE:KVYO traded down $0.58 during mid-day trading on Friday, reaching $31.92. The stock had a trading volume of 705,308 shares, compared to its average volume of 1,962,876. The stock has a market capitalization of $9.58 billion, a PE ratio of -127.81 and a beta of 1.36. The stock has a 50-day simple moving average of $32.32 and a two-hundred day simple moving average of $32.06. Klaviyo has a 12 month low of $23.77 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $293.12 million during 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 business's quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Klaviyo will post 0.04 EPS for the current year.

Insider Activity

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, August 15th. The shares were sold at an average price of $31.32, for a total transaction of $469,800.00. Following the completion of the transaction, the chief financial officer directly owned 485,515 shares of the company's stock, valued at $15,206,329.80. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Bialecki sold 226,702 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $31.50, for a total transaction of $7,141,113.00. The disclosure for this sale can be found here. Insiders sold 5,288,771 shares of company stock valued at $169,116,344 over the last ninety days. 49.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

Several institutional investors have recently added to or reduced their stakes in KVYO. Vanguard Group Inc. increased its holdings in shares of Klaviyo by 9.7% in the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after purchasing an additional 746,078 shares during the period. Alliancebernstein L.P. lifted its position in shares of Klaviyo by 10.1% in the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock valued at $148,566,000 after acquiring an additional 404,969 shares in the last quarter. Sands Capital Alternatives LLC lifted its position in Klaviyo by 2.1% during the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock worth $118,036,000 after buying an additional 71,550 shares during the period. Federated Hermes Inc. lifted its position in Klaviyo by 9.0% during the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock worth $97,752,000 after buying an additional 241,207 shares during the period. Finally, American Century Companies Inc. increased its stake in Klaviyo by 123.4% during the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock worth $90,178,000 after acquiring an additional 1,483,427 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

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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