Klaviyo (NYSE:KVYO) Raised to “Hold” at Zacks Research

Klaviyo (NYSE:KVYO) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

KVYO has been the subject of a number of other reports. TD Cowen increased their price target on Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Stifel Nicolaus lowered their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Benchmark reiterated a “buy” rating on shares of Klaviyo in a research note on Tuesday, November 4th. Weiss Ratings assumed coverage on shares of Klaviyo in a research note on Saturday, November 1st. They set a “sell (d-)” rating for the company. Finally, Stephens lowered their price objective on Klaviyo from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and an average price target of $42.67.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $29.50 on Monday. The stock has a market cap of $8.85 billion, a PE ratio of -122.91 and a beta of 1.26. The firm has a fifty day moving average price of $28.64 and a 200 day moving average price of $31.38. Klaviyo has a 1 year low of $23.44 and a 1 year high of $49.55.

Klaviyo (NYSE:KVYO) last posted its earnings results on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $293.12 million for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. As a group, equities analysts expect that Klaviyo will post 0.04 EPS for the current year.

Insider Activity

In other Klaviyo news, Director Ledger Susan St. sold 3,413 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $32.20, for a total transaction of $109,898.60. Following the transaction, the director owned 10,939 shares in the company, valued at $352,235.80. The trade was a 23.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ed Hallen sold 89,748 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the completion of the sale, the director directly owned 177,776 shares of the company’s stock, valued at $5,637,276.96. This trade represents a 33.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,741,781 shares of company stock worth $180,719,288 in the last quarter. Insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently made changes to their positions in the company. CWM LLC raised its holdings in 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Klaviyo in the second quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new stake in shares of Klaviyo in the second quarter worth $37,000. State of Wyoming acquired a new position in shares of Klaviyo in the 1st quarter valued at about $42,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Klaviyo by 217.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock worth $43,000 after acquiring an additional 974 shares during the last quarter. Institutional investors and hedge funds 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.