Stifel Nicolaus Issues Pessimistic Forecast for Klaviyo (NYSE:KVYO) Stock Price

Key Points

• Stifel Nicolaus cut its price target on Klaviyo to $28 (from $35) but kept a "buy" rating, a target that implies roughly a 76.6% upside from the current share price.
• Shares plunged about 32% to $15.86 on heavy volume despite Klaviyo reporting a Q1 revenue and EPS beat, raising its full‑year outlook and posting its strongest operating margin as a public company.
• C-suite turnover (CFO departure), sizable insider selling and multiple analyst target trims have amplified the selloff and increased near‑term execution and guidance risk, even as most analysts remain favorable.

Klaviyo (NYSE:KVYO - Get Free Report) had its price target decreased by analysts at Stifel Nicolaus from $35.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 76.58% from the stock's current price.

Other analysts have also issued research reports about the company. KeyCorp dropped their target price on Klaviyo from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday. Wall Street Zen upgraded Klaviyo from a "hold" rating to a "buy" rating in a report on Sunday, March 22nd. William Blair reiterated an "outperform" rating on shares of Klaviyo in a report on Monday, March 2nd. Robert W. Baird set a $34.00 target price on Klaviyo in a report on Wednesday, February 11th. Finally, Needham & Company LLC dropped their target price on Klaviyo from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.95.

Klaviyo Trading Down 32.0%

Shares of KVYO stock traded down $7.47 on Wednesday, hitting $15.86. 13,637,883 shares of the stock were exchanged, compared to its average volume of 4,628,827. The firm has a market capitalization of $4.83 billion, a P/E ratio of -132.06 and a beta of 0.79. The business has a 50-day moving average of $18.97 and a 200 day moving average of $23.92. Klaviyo has a fifty-two week low of $15.51 and a fifty-two week high of $37.79.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $350.20 million during the quarter, compared to analysts' expectations of $333.99 million. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.Klaviyo's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. As a group, research analysts forecast that Klaviyo will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $18.54, for a total value of $259,560.00. Following the sale, the chief financial officer owned 895,141 shares in the company, valued at $16,595,914.14. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $17.19, for a total value of $3,438,000.00. Following the completion of the sale, the chief executive officer owned 200,000 shares in the company, valued at $3,438,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,473,909 shares of company stock worth $27,200,157 over the last 90 days. Company insiders own 53.24% of the company's stock.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of KVYO. Bank of New York Mellon Corp grew its position in shares of Klaviyo by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 1,508,137 shares of the company's stock valued at $29,348,000 after purchasing an additional 123,480 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of Klaviyo in the first quarter valued at approximately $2,514,000. Fifth Third Bancorp acquired a new position in shares of Klaviyo in the first quarter valued at approximately $1,250,000. Hsbc Holdings PLC acquired a new position in shares of Klaviyo in the first quarter valued at approximately $376,000. Finally, Barton Investment Management grew its position in shares of Klaviyo by 56.7% in the first quarter. Barton Investment Management now owns 1,050,052 shares of the company's stock valued at $20,434,000 after purchasing an additional 380,010 shares during the last quarter. Institutional investors own 45.43% of the company's stock.

Klaviyo News Roundup

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Q1 results beat consensus: revenue (~$358M) and EPS (beat estimates) with ~28% revenue growth, and management raised full‑year outlook and reported its strongest operating margin as a public company. Klaviyo Delivers Strong Q1 2026 Results
• Neutral Sentiment: Analysts cut price targets but kept favorable ratings — Benchmark lowered its target (still a "buy"), Wells Fargo moved its target down while keeping "overweight", and Piper Sandler also trimmed its target to $26; the cuts signal more cautious near‑term sentiment despite positive ratings. Benzinga coverage of analyst moves Piper Sandler target cut report
• Neutral Sentiment: Wider coverage and buy‑list mentions (e.g., inclusion in some "strong buy" growth stock lists) may support longer‑term interest from growth investors, but these are secondary to today's news flow. InsiderMonkey buy list
• Negative Sentiment: CFO departure announced around the print — leadership turnover increases execution and guidance risk, and likely amplified the selloff despite the beat. Klaviyo shares tumble as CFO steps down
• Negative Sentiment: Market reaction: shares plunged, hitting intraday/record lows on heavy volume as investors pared back positions after the news and analyst revisions. This drove the stock materially lower despite fundamentally solid quarter metrics. Klaviyo Stock Hits Record Low After Earnings, C-Suite Shakeup

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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