Klaviyo (NYSE:KVYO) Receives Buy Rating from Needham & Company LLC

Key Points

• Klaviyo has received a "buy" rating from Needham & Company LLC, with a target price of $45.00, indicating a potential upside of 38.16% from its previous close.
• Nineteen analysts rate Klaviyo stock as a "Buy," while there is a consensus rating of "Moderate Buy" and an average price target of $44.20.
• The company reported a revenue increase of 31.9% year-over-year, posting $293.12 million for the quarter, with earnings per share surpassing analyst expectations.

Klaviyo (NYSE:KVYO - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $45.00 target price on the stock. Needham & Company LLC's target price would suggest a potential upside of 38.16% from the stock's previous close.

A number of other brokerages also recently issued reports on KVYO. Zacks Research raised Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Morgan Stanley upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $40.00 to $50.00 in a research note on Friday, September 19th. Piper Sandler boosted their price objective on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $50.00 in a research note on Thursday, August 7th. Finally, Benchmark boosted their price objective on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Nineteen equities 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.20.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $32.57 on Friday. The business has a 50-day simple moving average of $32.32 and a 200-day simple moving average of $32.06. The company has a market cap of $9.77 billion, a PE ratio of -130.28 and a beta of 1.36. Klaviyo has a one year low of $23.77 and a one year high of $49.55.

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

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $31.32, for a total value of $469,800.00. Following the sale, the chief financial officer owned 485,515 shares of the company's stock, valued at approximately $15,206,329.80. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ed Hallen sold 89,748 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the completion of the sale, the director directly owned 177,776 shares in the company, valued at $5,637,276.96. This trade represents a 33.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,288,771 shares of company stock worth $169,116,344. 49.92% of the stock is owned by insiders.

Institutional Trading of Klaviyo

A number of large investors have recently made changes to their positions in KVYO. TFC Financial Management Inc. acquired a new stake in shares of Klaviyo during the first quarter valued at $27,000. CWM LLC lifted its position in Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after buying an additional 646 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Klaviyo during the second quarter worth about $31,000. First Horizon Advisors Inc. purchased a new position in shares of Klaviyo in the 2nd quarter worth about $37,000. Finally, State of Wyoming purchased a new position in shares of Klaviyo in the 1st quarter worth about $42,000. Institutional investors and hedge funds 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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