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

Klaviyo, Inc. (NYSE:KVYO) has earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.41.

Several equities research analysts recently commented on KVYO shares. Benchmark dropped their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital lifted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Cantor Fitzgerald upped their target price on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In other news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $1,382,400.00. Following the transaction, the insider now owns 236,621 shares of the company’s stock, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the transaction, the president now owns 186,785 shares of the company’s stock, valued at approximately $6,455,289.60. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,650 shares of company stock valued at $6,582,805. 53.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Klaviyo

Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC bought a new stake in Klaviyo during the third quarter valued at about $53,000. West Tower Group LLC purchased a new position in shares of Klaviyo in the third quarter valued at about $177,000. Victory Capital Management Inc. bought a new position in shares of Klaviyo in the third quarter worth about $208,000. Finally, William Marsh Rice University purchased a new stake in shares of Klaviyo during the third quarter worth about $245,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Performance

KVYO opened at $39.39 on Wednesday. The stock has a market capitalization of $10.62 billion, a PE ratio of -218.82 and a beta of 0.57. The stock’s 50 day moving average price is $39.24 and its 200-day moving average price is $33.91. Klaviyo has a 52-week low of $21.26 and a 52-week high of $44.77.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.24) EPS. Research analysts forecast that Klaviyo will post 0.03 EPS for the current fiscal year.

About Klaviyo

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.