Klaviyo, Inc. (NYSE:KVYO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Klaviyo, Inc. (NYSE:KVYO) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.65.

A number of equities research analysts recently issued reports on KVYO shares. Piper Sandler increased their price objective on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Mizuho dropped their price target on Klaviyo from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Cantor Fitzgerald raised their target price on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Robert W. Baird cut their price target on shares of Klaviyo from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a research report on Friday, May 17th.

Klaviyo Stock Down 0.2 %

KVYO stock opened at $31.78 on Friday. The stock has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $25.16. Klaviyo has a twelve month low of $21.26 and a twelve month high of $39.47.

Klaviyo (NYSE:KVYO) last posted 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 for the quarter, compared to the consensus estimate of $212.34 million. During the same period last year, the company posted $0.09 EPS. The business’s revenue was up 35.0% on a year-over-year basis. As a group, equities analysts predict that Klaviyo will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer Ceran sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $24.65, for a total value of $320,450.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now owns 192,488 shares of the company’s stock, valued at approximately $6,096,094.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer Ceran sold 13,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total value of $320,450.00. The disclosure for this sale can be found here. Insiders have sold 242,880 shares of company stock valued at $7,468,036 in the last ninety days. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Klaviyo in the 4th quarter worth $1,780,000. Janus Henderson Group PLC purchased a new stake in Klaviyo in the first quarter worth about $662,000. Swiss National Bank bought a new stake in Klaviyo during the 1st quarter valued at approximately $1,776,000. Jump Financial LLC purchased a new position in shares of Klaviyo during the 4th quarter worth approximately $1,708,000. Finally, Pursue Wealth Partners LLC bought a new position in shares of Klaviyo in the 4th quarter worth approximately $1,753,000. Hedge funds and other 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.