Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Barclays Analyst Says

Klaviyo (NYSE:KVYO) had its target price boosted by Barclays from $47.00 to $51.00 in a research note issued to investors on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on KVYO. KeyCorp raised their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Needham & Company LLC raised their price objective on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on shares of Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday. Finally, Robert W. Baird raised their price objective on shares of Klaviyo from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo Price Performance

NYSE KVYO opened at $41.79 on Thursday. The firm’s fifty day moving average price is $43.72 and its 200 day moving average price is $38.04. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60. Klaviyo has a 12 month low of $21.26 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. As a group, sell-side analysts forecast that Klaviyo will post 0.04 earnings per share for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now owns 298,607 shares of the company’s stock, valued at $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief financial officer now directly owns 395,616 shares in the company, valued at $15,852,333.12. This trade represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,536 shares of company stock worth $4,720,953 over the last 90 days. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after purchasing an additional 818 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Klaviyo in the fourth quarter valued at about $196,000. Finally, US Bancorp DE purchased a new stake in shares of Klaviyo in the fourth quarter valued at about $199,000. Hedge funds and other 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.