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

Klaviyo (NYSE:KVYO) had its price target upped by Morgan Stanley from $38.00 to $47.00 in a report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on KVYO. Benchmark lowered their price target on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Loop Capital raised their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. 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 report on Tuesday, January 7th. Macquarie reissued a “neutral” rating and issued a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Finally, KeyCorp upped their target price on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Klaviyo Stock Down 1.0 %

Klaviyo stock opened at $39.00 on Monday. The company’s 50-day moving average price is $39.23 and its 200-day moving average price is $34.01. The company has a market cap of $10.52 billion, a PE ratio of -216.65 and a beta of 0.57. Klaviyo has a twelve month low of $21.26 and a twelve month high of $44.77.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analysts’ expectations of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.24) earnings per share. As a group, sell-side analysts expect that Klaviyo will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares in the company, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 1,050 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,536 shares of company stock worth $5,909,146. 53.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Advisors Asset Management Inc. lifted its position in Klaviyo by 145.6% during the third 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 during the last quarter. nVerses Capital LLC acquired a new position in shares of Klaviyo during the third quarter worth $53,000. West Tower Group LLC purchased a new stake in shares of Klaviyo during the 3rd quarter valued at $177,000. Victory Capital Management Inc. acquired a new stake in shares of Klaviyo in the 3rd quarter worth $208,000. Finally, William Marsh Rice University purchased a new position in Klaviyo during the 3rd quarter worth $245,000. 45.43% of the stock is currently 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.