Klaviyo (NYSE:KVYO) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Klaviyo was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a decrease in confidence among analysts.
• Despite the downgrade, Klaviyo's stock has received a majority of "buy" ratings overall, with a consensus rating of "Moderate Buy" and an average target price of $43.65.
• The company reported earnings per share of $0.16 for the recent quarter, exceeding analysts' expectations while experiencing strong year-over-year revenue growth of 31.9%.

Wall Street Zen cut shares of Klaviyo (NYSE:KVYO - Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning.

A number of other equities analysts have also commented on the stock. Benchmark boosted their price objective on shares of Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Wells Fargo & Company raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $40.00 in a research report on Friday, June 13th. TD Cowen boosted their target price on shares of Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC dropped their target price on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.65.

Klaviyo Trading Up 2.1%

KVYO stock traded up $0.67 during trading on Friday, reaching $31.94. The stock had a trading volume of 2,474,857 shares, compared to its average volume of 2,605,812. Klaviyo has a 1-year low of $23.77 and a 1-year high of $49.55. The company has a market capitalization of $9.58 billion, a P/E ratio of -127.76 and a beta of 1.36. The firm has a fifty day moving average price of $32.53 and a 200 day moving average price of $33.87.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm's revenue was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Klaviyo will post 0.04 EPS for the current year.

Insider Activity

In related news, major shareholder Summit Partners L. P sold 4,000,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.35, for a total transaction of $133,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 9,965 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.46, for a total transaction of $313,498.90. Following the sale, the insider owned 392,584 shares in the company, valued at approximately $12,350,692.64. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,087,383 shares of company stock valued at $136,183,878 over the last quarter. Corporate insiders own 49.92% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Main Management ETF Advisors LLC grew its position in Klaviyo by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company's stock worth $763,000 after purchasing an additional 372 shares during the last quarter. Advisors Asset Management Inc. grew its position in Klaviyo by 22.7% in the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company's stock worth $83,000 after purchasing an additional 506 shares during the last quarter. CWM LLC grew its position in Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after purchasing an additional 646 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Klaviyo by 5.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock worth $589,000 after purchasing an additional 677 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after purchasing an additional 818 shares during the last quarter. 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.