Klaviyo (NYSE:KVYO) Given New $47.00 Price Target at Morgan Stanley

Klaviyo (NYSE:KVYO) had its price target increased by Morgan Stanley from $38.00 to $47.00 in a research report report published on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Needham & Company LLC boosted their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler increased their target price on shares of Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays raised their price objective on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Four equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $40.07 on Monday. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $44.77. The firm has a market capitalization of $10.80 billion, a P/E ratio of -222.60 and a beta of 0.57. The company’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $34.11.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. During the same period last year, the company earned ($1.24) EPS. The firm’s revenue was up 33.7% on a year-over-year basis. Sell-side analysts expect that Klaviyo will post 0.03 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the transaction, the insider now owns 298,607 shares of the company’s stock, valued at $12,481,772.60. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $40.07, for a total value of $42,073.50. Following the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 154,536 shares of company stock valued at $5,909,146 over the last 90 days. 53.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in KVYO. Oak Ridge Investments LLC acquired a new stake in Klaviyo in the fourth quarter valued at $1,646,000. Capital Investment Advisors LLC bought a new stake in shares of Klaviyo in the 4th quarter valued at about $621,000. Barclays PLC lifted its stake in Klaviyo by 1,202.0% in the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after purchasing an additional 11,840 shares during the last quarter. Geode Capital Management LLC grew its holdings in Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after purchasing an additional 244,447 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new position in Klaviyo during the third quarter worth approximately $1,126,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.