Klaviyo (NYSE:KVYO) Price Target Lowered to $43.00 at Stephens

Key Points

• Stephens has lowered its price target for Klaviyo (NYSE:KVYO) from $45.00 to $43.00, while maintaining an "overweight" rating, reflecting a potential upside of 32.02% from its previous close.
• The company's shares have experienced a 7.6% decline, with a trading range over the past year between $23.77 and $49.55.
• Klaviyo reported earnings of $0.16 per share, surpassing estimates and indicating a 31.9% year-over-year revenue growth of $293.12 million for the last quarter.

Klaviyo (NYSE:KVYO - Get Free Report) had its price objective reduced by Stephens from $45.00 to $43.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Stephens' price objective suggests a potential upside of 32.02% from the stock's previous close.

KVYO has been the subject of several other research reports. Macquarie restated a "neutral" rating and issued a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Piper Sandler raised their price target on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus dropped their price objective on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Cantor Fitzgerald raised shares of Klaviyo to an "overweight" rating and set a $48.00 target price for the company in a research note on Tuesday, June 3rd. Finally, Benchmark boosted their target price on shares of Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.20.

Klaviyo Stock Down 7.6%

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

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

Insider Activity at Klaviyo

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $31.87, for a total value of $127,480,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ed Hallen sold 89,748 shares of Klaviyo stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the sale, the director directly owned 177,776 shares of the company's stock, valued at $5,637,276.96. The trade was a 33.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,288,771 shares of company stock valued at $169,116,344 in the last ninety days. Company insiders own 49.92% of the company's stock.

Hedge Funds Weigh In On Klaviyo

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Klaviyo by 9.7% in the 1st 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 holdings in shares of Klaviyo by 10.1% during the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock worth $148,566,000 after buying an additional 404,969 shares in the last quarter. Sands Capital Alternatives LLC boosted its position in shares of Klaviyo by 2.1% in the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock valued at $118,036,000 after acquiring an additional 71,550 shares during the period. Federated Hermes Inc. grew its stake in shares of Klaviyo by 9.0% in the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock valued at $97,752,000 after acquiring an additional 241,207 shares in the last quarter. Finally, American Century Companies Inc. increased its position 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 period. Institutional investors own 45.43% of the company's stock.

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.

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