Klaviyo (NYSE:KVYO) Price Target Raised to $54.00 at Robert W. Baird

Klaviyo (NYSE:KVYO) had its price target boosted by Robert W. Baird from $52.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company cut their price target on shares of Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Morgan Stanley lifted their price target on Klaviyo from $38.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC increased their price objective on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group raised their price objective on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $49.44.

Klaviyo Trading Down 5.9 %

Shares of KVYO opened at $44.23 on Thursday. Klaviyo has a 12 month low of $21.26 and a 12 month high of $49.55. The stock has a fifty day moving average price of $43.66 and a 200-day moving average price of $37.80.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. The business had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. As a group, analysts forecast that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In related news, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the completion of the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,536 shares of company stock valued at $4,720,953. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in KVYO. Creative Planning acquired a new stake in Klaviyo during the 3rd quarter worth $254,000. SpiderRock Advisors LLC lifted its stake in shares of Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after acquiring an additional 441,500 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Klaviyo during the 3rd quarter valued at about $5,513,000. Finally, Aigen Investment Management LP acquired a new stake in Klaviyo in the 3rd quarter valued at about $335,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

About Klaviyo

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.