Klaviyo (NYSE:KVYO) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Klaviyo (NYSE:KVYO - Free Report) in a research note released on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $31.00 price objective on the stock.

KVYO has been the subject of a number of other research reports. The Goldman Sachs Group upgraded Klaviyo from a neutral rating to a buy rating and set a $36.00 target price for the company in a research note on Monday, February 5th. Barclays lowered their target price on Klaviyo from $37.00 to $32.00 and set an equal weight rating for the company in a research note on Friday, January 12th. Piper Sandler restated an overweight rating and issued a $38.00 target price on shares of Klaviyo in a research note on Wednesday, February 28th. KeyCorp started coverage on Klaviyo in a research note on Thursday, March 21st. They issued a sector weight rating for the company. Finally, Scotiabank started coverage on Klaviyo in a research note on Tuesday, April 2nd. They issued a sector perform rating and a $30.00 target price for the company. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Klaviyo presently has a consensus rating of Moderate Buy and an average target price of $37.19.

Klaviyo Price Performance

KVYO traded up $0.33 on Tuesday, hitting $23.79. 1,098,002 shares of the company were exchanged, compared to its average volume of 1,169,635. Klaviyo has a 12 month low of $22.82 and a 12 month high of $39.47. The firm has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $27.82.

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

Insider Activity at Klaviyo

In related news, insider Landon Edmond sold 3,545 shares of the company's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.15, for a total transaction of $85,611.75. Following the completion of the sale, the insider now owns 167,127 shares in the company, valued at $4,036,117.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Klaviyo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. purchased a new stake in Klaviyo in the fourth quarter worth about $25,000. New York State Common Retirement Fund purchased a new stake in Klaviyo in the third quarter worth about $65,000. Tower Research Capital LLC TRC increased its position in Klaviyo by 20,305.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,081 shares of the company's stock worth $113,000 after buying an additional 4,061 shares in the last quarter. Skylands Capital LLC purchased a new stake in Klaviyo in the third quarter worth about $172,000. Finally, Deutsche Bank AG bought a new position in shares of Klaviyo in the third quarter worth about $172,000. 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.