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

Shares of Klaviyo, Inc. (NYSE:KVYO) have earned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $35.75.

A number of equities analysts recently commented on KVYO shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 price objective on shares of Klaviyo in a research report on Thursday, May 9th. Mizuho reduced their price objective on Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Barclays upgraded Klaviyo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $29.00 in a research report on Wednesday, June 12th. Canaccord Genuity Group reduced their price objective on Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Piper Sandler reiterated an “overweight” rating and set a $38.00 price objective on shares of Klaviyo in a research report on Wednesday, February 28th.

Klaviyo Price Performance

Shares of KVYO opened at $22.33 on Friday. The stock’s 50 day moving average is $23.16 and its two-hundred day moving average is $25.64. Klaviyo has a 12 month low of $21.26 and a 12 month high of $39.47.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $210.00 million during the quarter, compared to analyst estimates of $202.08 million. The firm’s revenue was up 34.5% compared to the same quarter last year. On average, analysts forecast that Klaviyo will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Landon Edmond sold 3,545 shares of Klaviyo stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the completion of the sale, the insider now directly owns 167,127 shares of the company’s stock, valued at $4,036,117.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jennifer Ceran sold 13,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total transaction of $320,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Landon Edmond sold 3,545 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now directly owns 167,127 shares of the company’s stock, valued at $4,036,117.05. The disclosure for this sale can be found here. Insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KVYO. Salem Investment Counselors Inc. acquired a new position in shares of Klaviyo during the 4th quarter worth about $25,000. New York State Common Retirement Fund acquired a new position in shares of Klaviyo during the 3rd quarter worth about $65,000. EntryPoint Capital LLC acquired a new position in shares of Klaviyo during the 1st quarter worth about $71,000. Moody National Bank Trust Division acquired a new position in shares of Klaviyo during the 4th quarter worth about $231,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Klaviyo during the 3rd quarter worth about $391,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.