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

Klaviyo, Inc. (NYSE:KVYO) has earned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.79.

Several brokerages have recently commented on KVYO. Robert W. Baird dropped their target price on shares of Klaviyo from $54.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Benchmark boosted their target price on shares of Klaviyo from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Barclays upped their price objective on shares of Klaviyo from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Morgan Stanley dropped their target price on shares of Klaviyo from $50.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company upped their price objective on shares of Klaviyo from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th.

Klaviyo Stock Performance

Shares of KVYO stock opened at $34.22 on Friday. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of -190.08 and a beta of 1.44. The company has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $36.92. Klaviyo has a 52 week low of $21.26 and a 52 week high of $49.55.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $279.83 million during the quarter, compared to analysts’ expectations of $267.79 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. Sell-side analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In related news, insider Carmel Galvin sold 11,156 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $35.01, for a total value of $390,571.56. Following the transaction, the insider now owns 711,805 shares in the company, valued at $24,920,293.05. The trade was a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $32.44, for a total transaction of $64,880,000.00. The disclosure for this sale can be found here. Insiders sold 10,087,320 shares of company stock worth $333,128,245 in the last three months. 49.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after buying an additional 359 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Klaviyo by 22.7% during the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $83,000 after purchasing an additional 506 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Klaviyo by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock worth $267,000 after purchasing an additional 604 shares during the last quarter. CWM LLC lifted its position in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Klaviyo by 4.0% in the fourth quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after acquiring an additional 648 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

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.