Barclays Has Lowered Expectations for Klaviyo (NYSE:KVYO) Stock Price

Klaviyo (NYSE:KVYO - Get Free Report) had its target price dropped by equities research analysts at Barclays from $51.00 to $35.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 41.41% from the company's current price.

Other analysts also recently issued research reports about the stock. Stephens began coverage on shares of Klaviyo in a report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price objective for the company. Piper Sandler upped their target price on Klaviyo from $50.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Cantor Fitzgerald lifted their price target on Klaviyo from $47.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on shares of Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, William Blair reiterated an "outperform" rating on shares of Klaviyo in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.05.

Klaviyo Trading Down 3.5 %

NYSE:KVYO traded down $0.90 during trading hours on Monday, hitting $24.75. 462,796 shares of the stock were exchanged, compared to its average volume of 1,294,858. The company has a market cap of $6.76 billion, a P/E ratio of -137.67 and a beta of 1.39. The firm's fifty day moving average price is $34.44 and its 200 day moving average price is $38.07. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. Equities analysts expect that Klaviyo will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $26.70, for a total transaction of $400,500.00. Following the completion of the transaction, the chief financial officer now directly owns 553,943 shares of the company's stock, valued at approximately $14,790,278.10. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Stephen Eric Rowland sold 7,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $26.66, for a total transaction of $188,219.60. Following the completion of the sale, the president now directly owns 447,310 shares in the company, valued at approximately $11,925,284.60. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,088,770 shares of company stock worth $67,947,356 in the last ninety days. 53.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Klaviyo by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock worth $318,449,000 after buying an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in shares of Klaviyo by 7.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after purchasing an additional 267,845 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Klaviyo by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock worth $120,676,000 after acquiring an additional 140,127 shares during the period. Clearbridge Investments LLC boosted its holdings in Klaviyo by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock valued at $89,422,000 after purchasing an additional 19,567 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Klaviyo by 48.6% during the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock worth $80,151,000 after acquiring an additional 635,962 shares during the period. 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.

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