Klaviyo (NYSE:KVYO) Price Target Raised to $45.00

Klaviyo (NYSE:KVYO) had its price objective raised by Robert W. Baird from $42.00 to $45.00 in a research report released on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Klaviyo in a research report on Wednesday, September 4th. Wells Fargo & Company reissued a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th. KeyCorp upgraded shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research report on Thursday, August 8th. Benchmark reduced their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays boosted their target price on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Klaviyo Stock Performance

KVYO traded down $0.43 during trading on Thursday, reaching $33.35. 2,299,979 shares of the company’s stock were exchanged, compared to its average volume of 895,890. The company’s fifty day moving average price is $35.21 and its 200-day moving average price is $28.66. The firm has a market capitalization of $8.89 billion, a PE ratio of -185.27 and a beta of 1.13. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $41.00.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.87% and a negative net margin of 5.23%. The business had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same period in the previous year, the firm earned ($1.24) earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Research analysts forecast that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Amanda Whalen sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $29.72, for a total value of $297,200.00. Following the completion of the transaction, the chief financial officer now owns 422,813 shares in the company, valued at $12,566,002.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $29.72, for a total value of $297,200.00. Following the completion of the sale, the chief financial officer now owns 422,813 shares of the company’s stock, valued at approximately $12,566,002.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.24, for a total transaction of $565,881.36. Following the completion of the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at $6,013,325.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 789,711 shares of company stock worth $25,143,646. 53.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently modified their holdings of KVYO. Advisors Asset Management Inc. boosted its position in Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC acquired a new stake in shares of Klaviyo during the 3rd quarter worth about $53,000. EntryPoint Capital LLC acquired a new stake in shares of Klaviyo during the 1st quarter worth about $71,000. Victory Capital Management Inc. bought a new stake in shares of Klaviyo during the 3rd quarter worth about $208,000. Finally, SG Americas Securities LLC acquired a new position in Klaviyo in the 2nd quarter valued at about $236,000. 45.43% of the stock is owned by institutional investors.

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.