Klaviyo (NYSE:KVYO) Now Covered by Analysts at Stephens

Analysts at Stephens began coverage on shares of Klaviyo (NYSE:KVYO) in a research note issued to investors on Wednesday. The brokerage set an “overweight” rating and a $43.00 price target on the stock. Stephens’ price target would indicate a potential upside of 33.91% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Benchmark lifted their target price on Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Mizuho raised their price target on Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Citigroup raised their price target on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler raised their price target on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, Loop Capital raised their price target on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.11.

Klaviyo Stock Performance

NYSE KVYO opened at $32.11 on Wednesday. The company has a market capitalization of $8.77 billion, a PE ratio of -178.40 and a beta of 0.86. The business’s fifty day moving average is $41.68 and its 200 day moving average is $38.73. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55.

Klaviyo (NYSE:KVYO) last released its earnings results 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 company 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 0.89%. On average, sell-side analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $39.18, for a total transaction of $587,700.00. Following the completion of the transaction, the chief financial officer now owns 391,820 shares in the company, valued at $15,351,507.60. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Insiders sold 2,126,246 shares of company stock worth $69,799,958 over the last 90 days. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings 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 purchasing an additional 808 shares during the period. CIBC Private Wealth Group LLC boosted its holdings 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 purchasing an additional 1,102 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 818 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Klaviyo in the fourth quarter valued at approximately $196,000. Finally, US Bancorp DE purchased a new stake in shares of Klaviyo in the fourth quarter valued at approximately $199,000. Hedge funds and other institutional investors 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.