Klaviyo (NYSE:KVYO) Given New $60.00 Price Target at Loop Capital

Klaviyo (NYSE:KVYO) had its price objective lifted by Loop Capital from $45.00 to $60.00 in a research report sent to investors on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on KVYO. Barclays lifted their price objective on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Cantor Fitzgerald increased their target price on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. 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 research report on Thursday, November 7th. Benchmark dropped their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Needham & Company LLC lifted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.88.

Klaviyo Price Performance

NYSE:KVYO opened at $43.53 on Monday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $44.77. The firm has a 50-day moving average price of $38.33 and a 200 day moving average price of $32.17.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.24) EPS. As a group, equities analysts anticipate that Klaviyo will post 0.03 EPS for the current year.

Insider Activity

In related news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $35.36, for a total value of $353,600.00. Following the transaction, the chief financial officer now directly owns 422,813 shares in the company, valued at $14,950,667.68. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the sale, the insider now directly owns 236,621 shares of the company’s stock, valued at $8,177,621.76. This represents a 14.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,650 shares of company stock valued at $4,676,705 over the last 90 days. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its stake in 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. nVerses Capital LLC acquired a new position in shares of Klaviyo in the 3rd quarter valued at $53,000. West Tower Group LLC bought a new stake in shares of Klaviyo in the 3rd quarter valued at $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo during the 3rd quarter worth $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo during the third quarter worth about $245,000. 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.