Klaviyo (NYSE:KVYO) Price Target Raised to $52.00 at Mizuho

Klaviyo (NYSE:KVYO) had its target price increased by Mizuho from $42.00 to $52.00 in a report published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price target on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley lifted their target price on Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday. KeyCorp lifted their target price on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Piper Sandler lifted their target price on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Scotiabank lifted their target price on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Price Performance

Shares of KVYO opened at $44.23 on Thursday. The business’s 50-day moving average price is $43.66 and its 200 day moving average price is $37.80. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55.

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

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the sale, the president now owns 260,403 shares of the company’s stock, valued at $10,426,536.12. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 23,950 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the completion of the sale, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at $15,840,464.64. This represents a 5.71 % 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 90 days. 53.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently modified their holdings of KVYO. Advisors Asset Management Inc. boosted its position in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after acquiring an additional 808 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after acquiring an additional 1,102 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after acquiring an additional 818 shares during the period. West Tower Group LLC bought a new stake in shares of Klaviyo in the third quarter valued at approximately $177,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Klaviyo in the fourth quarter valued at approximately $196,000. 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.