Klaviyo (NYSE:KVYO – Free Report) had its price objective increased by Canaccord Genuity Group from $32.00 to $40.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.
Several other research firms also recently commented on KVYO. Cantor Fitzgerald increased their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a report on Wednesday, September 4th. Piper Sandler increased their target price on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.
Check Out Our Latest Analysis on Klaviyo
Klaviyo Price Performance
Klaviyo (NYSE:KVYO – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. Klaviyo’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, sell-side analysts anticipate that Klaviyo will post -0.01 EPS for the current fiscal year.
Insider Buying and Selling at Klaviyo
In related news, CFO Amanda Whalen sold 10,000 shares of Klaviyo stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00. Following the completion of the sale, the chief financial officer now owns 422,813 shares in the company, valued at $12,566,002.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.24, for a total value of $565,881.36. Following the completion of the sale, the president now owns 192,488 shares in the company, valued at approximately $6,013,325.12. The trade was a 0.00 % 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 10,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00. Following the transaction, the chief financial officer now owns 422,813 shares in the company, valued at approximately $12,566,002.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 789,711 shares of company stock valued at $25,143,646 in the last quarter. 53.24% of the stock is owned by insiders.
Institutional Trading of Klaviyo
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pier 88 Investment Partners LLC purchased a new stake in Klaviyo during the third quarter valued at approximately $966,000. Victory Capital Management Inc. acquired a new position in shares of Klaviyo during the third quarter valued at about $208,000. Aigen Investment Management LP purchased a new position in shares of Klaviyo in the 3rd quarter valued at approximately $335,000. Lisanti Capital Growth LLC acquired a new stake in Klaviyo in the 3rd quarter worth approximately $5,513,000. Finally, Mayflower Financial Advisors LLC grew its position in Klaviyo by 181.4% during 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 last quarter. Institutional investors own 45.43% of the company’s stock.
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.
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