Klaviyo, Inc. (NYSE:KVYO) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.29.

KVYO has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Klaviyo in a research report on Wednesday, September 4th. Barclays lifted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Piper Sandler lifted their price target on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th.

Get Our Latest Stock Report on Klaviyo

Klaviyo Trading Down 1.6 %

KVYO opened at $38.01 on Friday. The stock has a market capitalization of $10.14 billion and a PE ratio of -26.96. Klaviyo has a 1-year low of $21.26 and a 1-year high of $39.92. The firm has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $28.06.

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

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 21,766 shares of Klaviyo stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.02, for a total value of $653,415.32. Following the transaction, the insider now owns 260,413 shares of the company’s stock, valued at approximately $7,817,598.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Klaviyo news, insider Landon Edmond sold 21,766 shares of Klaviyo stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.02, for a total value of $653,415.32. Following the transaction, the insider now owns 260,413 shares of the company’s stock, valued at approximately $7,817,598.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction that occurred on Friday, August 16th. The shares were 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 directly owns 192,488 shares in the company, valued at approximately $6,096,094.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 871,477 shares of company stock valued at $27,610,861. 53.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Klaviyo

A number of institutional investors have recently made changes to their positions in KVYO. nVerses Capital LLC bought a new stake in shares of Klaviyo in the third quarter worth $53,000. EntryPoint Capital LLC bought a new stake in shares of Klaviyo in the first quarter worth $71,000. SG Americas Securities LLC bought a new stake in shares of Klaviyo in the second quarter worth $236,000. William Marsh Rice University bought a new stake in shares of Klaviyo in the third quarter worth $245,000. Finally, Creative Planning bought a new stake in shares of Klaviyo in the third quarter worth $254,000. Institutional investors own 45.43% of the company’s stock.

About Klaviyo

(Get Free Report

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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