Brokerages Set Klaviyo, Inc. (NYSE:KVYO) Price Target at $43.18

Shares of Klaviyo, Inc. (NYSE:KVYO) have earned an average rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.18.

A number of research firms recently issued reports on KVYO. KeyCorp boosted 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. Piper Sandler boosted their price objective on shares of Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Barclays increased their price target on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Needham & Company LLC boosted their target price on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Klaviyo Stock Performance

NYSE KVYO opened at $48.02 on Friday. The stock has a 50 day moving average price of $41.30 and a 200-day moving average price of $35.97. Klaviyo has a one year low of $21.26 and a one year high of $48.73. The company has a market capitalization of $12.95 billion, a P/E ratio of -266.74 and a beta of 0.60.

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

Insider Activity

In related news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $1,382,400.00. Following the transaction, the insider now directly owns 236,621 shares in the company, valued at approximately $8,177,621.76. This represents a 14.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the transaction, the president now owns 186,785 shares of the company’s stock, valued at $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,072 shares of company stock worth $6,778,517 over the last ninety days. Corporate insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its position in 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 acquiring an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Klaviyo in the third quarter valued at approximately $53,000. West Tower Group LLC purchased a new stake in Klaviyo during the 3rd quarter worth approximately $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo during the 3rd quarter worth approximately $208,000. Finally, William Marsh Rice University purchased a new position in Klaviyo in the 3rd quarter valued at approximately $245,000. 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.