Wells Fargo & Company Issues Pessimistic Forecast for Klaviyo (NYSE:KVYO) Stock Price

Key Points

• Wells Fargo cut Klaviyo’s price target from $26 to $22 but maintained an “overweight” rating, implying 35.43% upside from the stock’s previous close.
• Klaviyo reported quarterly revenue of $370.6 million, up 26.4% year over year and above estimates, while EPS of $0.19 matched expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $27.25.
• KVYO shares fell to $16.25, near their 50-day moving average, amid broader analyst target reductions. Insiders have sold approximately $9.5 million of stock over the past 90 days.

Klaviyo (NYSE:KVYO - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $26.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 35.43% from the stock's previous close.

A number of other research firms have also recently issued reports on KVYO. Benchmark cut Klaviyo from a "buy" rating to a "hold" rating in a report on Thursday. Cantor Fitzgerald lowered their price objective on shares of Klaviyo from $35.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, April 15th. Citigroup boosted their target price on shares of Klaviyo from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, July 24th. The Goldman Sachs Group set a $26.00 price target on shares of Klaviyo and gave the stock a "buy" rating in a report on Wednesday, June 24th. Finally, Stephens lifted their price target on shares of Klaviyo from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.25.

Klaviyo Stock Performance

Shares of KVYO stock traded down $3.06 during mid-day trading on Thursday, hitting $16.25. The company's stock had a trading volume of 7,889,550 shares, compared to its average volume of 5,413,108. The company has a market cap of $4.86 billion, a PE ratio of -407.12 and a beta of 0.54. The company's fifty day simple moving average is $16.18 and its 200-day simple moving average is $17.99. Klaviyo has a 52 week low of $12.53 and a 52 week high of $36.76.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. On average, equities analysts anticipate that Klaviyo will post 0.25 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew Bialecki sold 212,529 shares of Klaviyo stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the transaction, the chief executive officer owned 212,529 shares of the company's stock, valued at $3,105,048.69. The trade was a 50.00% decrease in their ownership of the stock. The sale 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, CFO Amanda Whalen sold 14,000 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $13.23, for a total value of $185,220.00. Following the sale, the chief financial officer owned 852,192 shares of the company's stock, valued at $11,274,500.16. This trade represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 649,863 shares of company stock worth $9,521,105 over the last 90 days. 37.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Klaviyo

Several hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock valued at $27,000 after buying an additional 908 shares during the last quarter. Optiver Holding B.V. bought a new stake in Klaviyo in the 1st quarter valued at about $39,000. Quarry LP purchased a new stake in Klaviyo during the third quarter valued at about $44,000. Osaic Holdings Inc. boosted its position in Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock worth $55,000 after purchasing an additional 1,284 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Klaviyo by 2,085.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company's stock worth $74,000 after purchasing an additional 3,628 shares during the period. Institutional investors own 45.43% of the company's stock.

Key Klaviyo News

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Revenue growth and AI strategy remain key positives. Klaviyo reported second-quarter revenue of $370.6 million, above the $362.1 million analyst estimate and up 26.4% year over year. Management said adoption of its AI products, including Composer and Customer Agent, is gaining momentum. Klaviyo Delivers Strong Q2 as Autonomous B2C CRM Strategy Gains Momentum
• Positive Sentiment: Agency acquisition could accelerate product development. Klaviyo agreed to acquire the team and technology of AI-powered customer-success startup Agency. Founder Elias Torres will become Klaviyo’s chief product officer and lead its agent product line, potentially strengthening the company’s AI capabilities and autonomous CRM offering. Klaviyo strengthens AI capabilities with strategic acquisition of Agency team and technology
• Neutral Sentiment: Full-year outlook was broadly in line. Klaviyo projected 2026 revenue of approximately $1.526 billion to $1.534 billion. Third-quarter revenue guidance of $377 million to $381 million was close to the $378.6 million consensus estimate, while fiscal-year guidance was generally consistent with Wall Street expectations. Klaviyo projects 2026 revenue while integrating Agency acquisition
• Negative Sentiment: Mixed earnings reaction and target reductions weighed on sentiment. Second-quarter EPS of $0.19 matched estimates, rather than exceeding them, despite the revenue beat. KeyCorp, Stifel, Piper Sandler and BTIG all lowered their price targets, although each retained a bullish or buy-equivalent rating. The stock also declined alongside much of the software sector following earnings. Figma, Klaviyo fall following earnings

About Klaviyo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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