Stephens Begins Coverage on Klaviyo (NYSE:KVYO)

Stock analysts at Stephens started coverage on shares of Klaviyo (NYSE:KVYO) in a research note issued on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $43.00 price target on the stock. Stephens’ price objective suggests a potential upside of 30.94% from the stock’s current price.

KVYO has been the topic of a number of other reports. Needham & Company LLC lifted their price objective on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Mizuho lifted their price objective on Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. KeyCorp lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Scotiabank lifted their target price on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on shares of Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Klaviyo Stock Down 0.3 %

KVYO stock opened at $32.84 on Wednesday. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55. The company has a market cap of $8.97 billion, a PE ratio of -182.44 and a beta of 0.86. The business’s 50-day simple moving average is $41.36 and its 200 day simple moving average is $38.64.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. On average, equities research analysts anticipate that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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 in the company, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00. Following the sale, the chief financial officer now owns 391,820 shares of the company’s stock, valued at $15,351,507.60. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,126,246 shares of company stock worth $69,799,958 in the last quarter. Insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. grew 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 during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after buying an additional 1,102 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after buying an additional 818 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Klaviyo in the 4th quarter valued at $196,000. Finally, US Bancorp DE acquired a new position in shares of Klaviyo in the 4th quarter valued at $199,000. 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.