Klaviyo (NYSE:KVYO) Price Target Raised to $54.00 at Cantor Fitzgerald

Klaviyo (NYSE:KVYO) had its price objective boosted by equities research analysts at Cantor Fitzgerald from $47.00 to $54.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 27.84% from the stock’s current price.

KVYO has been the topic of a number of other research reports. Needham & Company LLC raised their target price on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital lifted their price objective on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Citigroup increased their target price on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price target on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.47.

Klaviyo Stock Down 10.1 %

Shares of Klaviyo stock traded down $4.76 during trading on Thursday, hitting $42.24. 1,033,731 shares of the company were exchanged, compared to its average volume of 1,127,004. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of -233.42 and a beta of 0.60. The firm has a 50 day moving average price of $43.56 and a 200 day moving average price of $37.75.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Analysts predict that Klaviyo will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the completion of the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,351,507.60. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the sale, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock worth $4,720,953 over the last ninety days. Company insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Creative Planning bought a new position in shares of Klaviyo in the 3rd quarter valued at approximately $254,000. SpiderRock Advisors LLC lifted its position in shares of Klaviyo by 1,571.7% during the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after purchasing an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after purchasing an additional 441,500 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $5,513,000. Finally, Aigen Investment Management LP bought a new position in Klaviyo in the 3rd quarter worth approximately $335,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.