Analysts Set Klaviyo, Inc. (NYSE:KVYO) Price Target at $41.41

Klaviyo, Inc. (NYSE:KVYO) has received an average rating of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $41.41.

KVYO has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday. Canaccord Genuity Group increased their target price on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark decreased their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Robert W. Baird increased their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald upped their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $39.39 on Wednesday. The stock’s fifty day moving average is $39.24 and its 200 day moving average is $33.77. Klaviyo has a one year low of $21.26 and a one year high of $44.77. The stock has a market cap of $10.62 billion, a P/E ratio of -218.82 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.24) earnings per share. Analysts predict that Klaviyo will post 0.03 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the sale, the president now owns 192,488 shares in the company, valued at $7,158,628.72. This represents a 8.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,650 shares of company stock valued at $6,582,805. Corporate insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Several large investors have recently bought and sold shares of KVYO. Advisors Asset Management Inc. boosted its holdings in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Klaviyo in the 3rd quarter valued at about $53,000. Dark Forest Capital Management LP grew its stake in Klaviyo by 13.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock worth $590,000 after buying an additional 2,851 shares during the last quarter. West Tower Group LLC acquired a new position in Klaviyo during the third quarter worth approximately $177,000. Finally, Victory Capital Management Inc. purchased a new stake in Klaviyo in the third quarter valued at approximately $208,000. 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.