Klaviyo, Inc. (NYSE:KVYO) Receives $39.69 Consensus Target Price from Analysts

Klaviyo, Inc. (NYSE:KVYO) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.69.

A number of research firms have recently issued reports on KVYO. Canaccord Genuity Group lifted their target price on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. KeyCorp boosted their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Cantor Fitzgerald raised their target price on Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Benchmark cut their price target on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Stifel Nicolaus began coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective on the stock.

Klaviyo Price Performance

Shares of KVYO stock opened at $41.99 on Friday. The stock’s fifty day simple moving average is $37.82 and its 200 day simple moving average is $31.51. Klaviyo has a one year low of $21.26 and a one year high of $44.38. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of -233.26 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last posted its earnings results 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. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. During the same quarter in the prior year, the firm earned ($1.24) EPS. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, research analysts anticipate that Klaviyo will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the sale, the president now directly owns 192,488 shares in the company, valued at approximately $7,158,628.72. This trade represents a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 10,000 shares of Klaviyo stock in a transaction on Friday, October 4th. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00. Following the transaction, the chief financial officer now directly owns 422,813 shares in the company, valued at approximately $14,950,667.68. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,650 shares of company stock worth $4,676,705. Insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

A number of large investors have recently made changes to their positions in the company. Whale Rock Capital Management LLC raised its holdings in Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after buying an additional 3,092,725 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after acquiring an additional 2,406,973 shares during the period. SpiderRock Advisors LLC lifted its position in Klaviyo by 1,571.7% in the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after acquiring an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake in Klaviyo by 181.4% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after purchasing an additional 441,500 shares during the period. Finally, Millennium Management LLC boosted its stake in Klaviyo by 53.6% in the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock worth $27,889,000 after purchasing an additional 390,849 shares during the period. 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.