Klaviyo, Inc. (NYSE:KVYO) Receives $37.38 Average Price Target from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $37.29.

A number of equities analysts recently commented on the company. Macquarie started coverage on Klaviyo in a report on Thursday. They issued a “neutral” rating and a $36.00 price objective on the stock. Barclays increased their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Stifel Nicolaus started coverage on Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock. Finally, Piper Sandler increased their price target on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th.

Klaviyo Stock Performance

NYSE:KVYO opened at $38.01 on Friday. The stock’s 50 day moving average price is $34.52 and its 200 day moving average price is $28.06. Klaviyo has a 52 week low of $21.26 and a 52 week high of $39.92. The company has a market capitalization of $10.14 billion and a P/E ratio of -26.96.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The firm had revenue of $222.21 million for the quarter, compared to the consensus estimate of $212.34 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The firm’s revenue was up 35.0% on a year-over-year basis.

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total value of $297,200.00. Following the completion of the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $12,566,002.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Klaviyo news, CFO Amanda Whalen sold 10,000 shares of Klaviyo stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the completion of the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at approximately $12,566,002.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Landon Edmond sold 21,766 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.02, for a total transaction of $653,415.32. Following the completion of the sale, the insider now owns 260,413 shares in the company, valued at $7,817,598.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 871,477 shares of company stock valued at $27,610,861 over the last ninety days. 53.24% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

Hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Klaviyo in the 3rd quarter worth approximately $53,000. EntryPoint Capital LLC acquired a new position in Klaviyo in the first quarter worth $71,000. William Marsh Rice University bought a new stake in shares of Klaviyo during the third quarter worth $245,000. Creative Planning acquired a new stake in shares of Klaviyo in the third quarter valued at $254,000. Finally, SG Americas Securities LLC bought a new position in shares of Klaviyo in the second quarter valued at about $236,000. Institutional investors and hedge funds 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.