Klaviyo, Inc. (NYSE:KVYO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Klaviyo, Inc. (NYSE:KVYO) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $49.44.

A number of research firms recently issued reports on KVYO. Benchmark upped their price objective on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Macquarie reiterated a “neutral” rating and set a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Morgan Stanley raised their price objective on Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Cantor Fitzgerald upped their target price on Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Citigroup lifted their price target on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th.

Klaviyo Stock Performance

Shares of KVYO stock opened at $40.51 on Thursday. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The stock’s fifty day moving average price is $43.64 and its two-hundred day moving average price is $38.30. The company has a market cap of $10.92 billion, a PE ratio of -225.04 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business 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%. On average, equities analysts predict that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the sale, the president now directly owns 260,403 shares in the company, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 391,820 shares in the company, valued at approximately $15,351,507.60. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,536 shares of company stock valued at $4,720,953 over the last quarter. Insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Several hedge funds have recently modified their holdings of KVYO. Whale Rock Capital Management LLC grew its holdings in Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares during the period. Focus Partners Wealth bought a new stake in Klaviyo in the 4th quarter valued at about $38,870,000. D. E. Shaw & Co. Inc. raised its stake in Klaviyo by 195.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company’s stock worth $54,034,000 after buying an additional 866,749 shares during the period. Lord Abbett & CO. LLC bought a new position in Klaviyo in the fourth quarter worth approximately $30,851,000. Finally, Ameriprise Financial Inc. grew its stake in Klaviyo by 229.5% in the fourth quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company’s stock valued at $40,507,000 after acquiring an additional 684,026 shares during the period. Institutional investors own 45.43% of the company’s stock.

About Klaviyo

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.