Klaviyo (NYSE:KVYO) Price Target Raised to $47.00 at Morgan Stanley

Klaviyo (NYSE:KVYO) had its price objective upped by Morgan Stanley from $38.00 to $47.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also commented on KVYO. Wells Fargo & Company lifted their target price on Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Cantor Fitzgerald boosted their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their target price on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Loop Capital boosted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Klaviyo Stock Down 1.0 %

Shares of KVYO opened at $39.00 on Monday. Klaviyo has a 52 week low of $21.26 and a 52 week high of $44.77. The stock has a market cap of $10.52 billion, a P/E ratio of -216.65 and a beta of 0.57. The business’s 50 day moving average price is $39.23 and its 200-day moving average price is $34.01.

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

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the sale, the insider now directly owns 236,621 shares of the company’s stock, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $518,400.00. Following the completion of the transaction, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,536 shares of company stock valued at $5,909,146 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in KVYO. Arizona State Retirement System lifted its holdings in shares of Klaviyo by 67.1% in the second quarter. Arizona State Retirement System now owns 16,221 shares of the company’s stock worth $404,000 after buying an additional 6,512 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Klaviyo by 40.8% during the 2nd quarter. Renaissance Technologies LLC now owns 238,900 shares of the company’s stock valued at $5,946,000 after purchasing an additional 69,200 shares during the last quarter. Blair William & Co. IL grew its position in shares of Klaviyo by 14.3% during the second quarter. Blair William & Co. IL now owns 200,680 shares of the company’s stock valued at $4,995,000 after purchasing an additional 25,149 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Klaviyo by 114.7% in the second quarter. XTX Topco Ltd now owns 24,363 shares of the company’s stock worth $606,000 after purchasing an additional 13,016 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Klaviyo in the second quarter worth about $747,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.