Klaviyo (NYSE:KVYO) Given New $53.00 Price Target at Piper Sandler

Klaviyo (NYSE:KVYO) had its price objective lifted by Piper Sandler from $50.00 to $53.00 in a research report sent to investors on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other analysts have also weighed in on the stock. Robert W. Baird increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Citigroup lifted their target price on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on Klaviyo from $41.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Canaccord Genuity Group boosted their target price on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Loop Capital lifted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo Stock Performance

NYSE:KVYO opened at $44.23 on Thursday. Klaviyo has a one year low of $21.26 and a one year high of $49.55. The firm has a 50-day simple moving average of $43.66 and a 200-day simple moving average of $37.80.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. On average, research analysts forecast that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, 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 value of $1,672,000.00. Following the completion of the sale, the insider now owns 298,607 shares of the company’s stock, valued at $12,481,772.60. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amanda Whalen sold 1,050 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $40.07, for a total value of $42,073.50. Following the transaction, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at $15,852,333.12. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,536 shares of company stock worth $4,720,953. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

Several institutional investors and hedge funds have recently made changes to their positions in KVYO. Creative Planning bought a new stake in shares of Klaviyo during the third quarter valued at approximately $254,000. SpiderRock Advisors LLC raised its holdings in 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 buying an additional 471,500 shares during the period. Mayflower Financial Advisors LLC lifted its position in shares of Klaviyo by 181.4% in the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after purchasing an additional 441,500 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Klaviyo in the 3rd quarter valued at approximately $5,513,000. Finally, Aigen Investment Management LP acquired a new position in shares of Klaviyo during the 3rd quarter worth approximately $335,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.