Klaviyo (NYSE:KVYO) Reaches New 52-Week Low at $22.12

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $22.12 and last traded at $22.68, with a volume of 117632 shares. The stock had previously closed at $22.89.

Wall Street Analyst Weigh In

A number of analysts have commented on KVYO shares. Morgan Stanley decreased their price objective on Klaviyo from $37.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. William Blair restated an "outperform" rating on shares of Klaviyo in a research note on Wednesday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Klaviyo in a research note on Wednesday, February 28th. FBN Securities started coverage on Klaviyo in a research note on Wednesday, March 20th. They issued an "outperform" rating and a $35.00 target price on the stock. Finally, KeyCorp started coverage on Klaviyo in a research note on Thursday, March 21st. They issued a "sector weight" rating on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Klaviyo currently has an average rating of "Moderate Buy" and an average price target of $36.88.

Klaviyo Trading Up 0.5 %

The firm has a 50-day simple moving average of $25.51 and a 200-day simple moving average of $27.43.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $201.62 million for the quarter, compared to analysts' expectations of $196.02 million. As a group, sell-side analysts forecast that Klaviyo, Inc. will post -0.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Landon Edmond sold 3,545 shares of the company's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now owns 167,127 shares of the company's stock, valued at $4,036,117.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new position in Klaviyo in the fourth quarter valued at $25,000. New York State Common Retirement Fund bought a new position in Klaviyo in the third quarter valued at $65,000. Skylands Capital LLC bought a new position in Klaviyo in the third quarter valued at $172,000. Moody National Bank Trust Division bought a new position in Klaviyo in the fourth quarter valued at $231,000. Finally, Renaissance Capital LLC bought a new position in Klaviyo in the fourth quarter valued at $341,000. 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.