Klaviyo, Inc. (NYSE:KVYO) Receives $39.69 Consensus Target Price from Analysts

Klaviyo, Inc. (NYSE:KVYO) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $39.69.

KVYO has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 target price on the stock. Barclays upped their target price on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Needham & Company LLC upped their target price on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped 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, Cantor Fitzgerald boosted their price target on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.36, for a total value of $353,600.00. Following the completion of the sale, the chief financial officer now directly owns 422,813 shares in the company, valued at approximately $14,950,667.68. The trade was a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00. Following the completion of the sale, the insider now owns 236,621 shares of the company’s stock, valued at approximately $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,650 shares of company stock worth $4,676,705. Company insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its stake in Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. nVerses Capital LLC bought a new stake in Klaviyo during the third quarter worth $53,000. West Tower Group LLC bought a new position in shares of Klaviyo in the 3rd quarter valued at $177,000. Victory Capital Management Inc. bought a new position in shares of Klaviyo in the 3rd quarter valued at $208,000. Finally, SG Americas Securities LLC bought a new position in shares of Klaviyo in the 2nd quarter valued at $236,000. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $41.63 on Friday. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of -231.28 and a beta of 0.97. The stock’s 50-day moving average is $37.54 and its 200-day moving average is $31.29. Klaviyo has a one year low of $21.26 and a one year high of $41.75.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.24) earnings per share. On average, equities analysts expect that Klaviyo will post 0.03 EPS for the current year.

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.