Klaviyo, Inc. (NYSE:KVYO) Receives $35.75 Average PT from Analysts

Klaviyo, Inc. (NYSE:KVYO) has received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.75.

Several equities analysts have weighed in on the company. Mizuho dropped their price objective on Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Morgan Stanley lowered their target price on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird lowered their target price on Klaviyo from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Klaviyo in a research note on Friday, May 17th. Finally, FBN Securities began coverage on Klaviyo in a research note on Wednesday, March 20th. They set an “outperform” rating and a $35.00 target price on the stock.

Klaviyo Stock Performance

Shares of NYSE:KVYO opened at $24.89 on Friday. The stock’s fifty day simple moving average is $23.21 and its two-hundred day simple moving average is $25.43. Klaviyo has a 1-year low of $21.26 and a 1-year high of $39.47.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $202.08 million. The business’s revenue was up 34.5% on a year-over-year basis. As a group, research analysts expect that Klaviyo will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, Director Jennifer Ceran sold 13,000 shares of Klaviyo stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total transaction of $320,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Klaviyo news, Director Jennifer Ceran sold 13,000 shares of Klaviyo stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total transaction of $320,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Landon Edmond sold 3,545 shares of Klaviyo stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now directly owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The disclosure for this sale can be found here. Insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in Klaviyo during the 3rd quarter valued at about $5,047,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Klaviyo in the fourth quarter worth approximately $1,780,000. Hudson Bay Capital Management LP bought a new position in shares of Klaviyo in the third quarter worth approximately $690,000. Jump Financial LLC bought a new position in shares of Klaviyo in the fourth quarter worth approximately $1,708,000. Finally, Pursue Wealth Partners LLC bought a new position in shares of Klaviyo in the fourth quarter worth approximately $1,753,000. 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.