Klaviyo (NYSE:KVYO - Free Report) had its price objective decreased by Wells Fargo & Company from $45.00 to $26.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
Several other analysts have also recently weighed in on KVYO. Cantor Fitzgerald lifted their price target on Klaviyo from $47.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Piper Sandler increased their price objective on Klaviyo from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Mizuho reduced their target price on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Canaccord Genuity Group upped their price target on shares of Klaviyo from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley dropped their price objective on shares of Klaviyo from $50.00 to $34.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.47.
View Our Latest Report on Klaviyo
Klaviyo Trading Up 2.2 %
Shares of NYSE:KVYO traded up $0.64 on Tuesday, hitting $29.58. The company had a trading volume of 1,818,319 shares, compared to its average volume of 1,334,505. The stock has a 50 day moving average price of $32.38 and a 200 day moving average price of $37.75. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of -164.33 and a beta of 1.39. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55.
Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. Sell-side analysts anticipate that Klaviyo will post 0.04 earnings per share for the current fiscal year.
Insider Buying and Selling at Klaviyo
In related news, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,088,770 shares of company stock valued at $67,947,356. 53.24% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Klaviyo
Several hedge funds and other institutional investors have recently made changes to their positions in KVYO. TFC Financial Management Inc. bought a new position in Klaviyo in the 1st quarter valued at approximately $27,000. CIBC Private Wealth Group LLC lifted its stake in shares of Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after acquiring an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after acquiring an additional 818 shares during the last quarter. KBC Group NV acquired a new stake in shares of Klaviyo during the 1st quarter valued at $77,000. Finally, SBI Securities Co. Ltd. bought a new stake in Klaviyo during the 4th quarter worth $196,000. 45.43% of the stock is owned by institutional investors.
About Klaviyo
(
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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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