Klaviyo, Inc. (NYSE:KVYO) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.69.

Several equities analysts have weighed in on KVYO shares. Benchmark lowered their target price on 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 lifted their price target 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. Wells Fargo & Company reaffirmed a "buy" rating on shares of Klaviyo in a report on Friday, October 18th. Macquarie restated a "neutral" rating and set a $36.00 price objective on shares of Klaviyo in a report on Friday, November 8th. Finally, Cantor Fitzgerald upped their target price on Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th.

Klaviyo Trading Down 0.5 %

NYSE:KVYO traded down $0.18 during mid-day trading on Friday, reaching $39.06. 910,807 shares of the stock were exchanged, compared to its average volume of 1,180,864. Klaviyo has a 1-year low of $21.26 and a 1-year high of $41.00. The firm has a market capitalization of $10.53 billion, a PE ratio of -217.00 and a beta of 0.97. The business has a fifty day moving average price of $37.41 and a 200 day moving average price of $31.10.

Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.24) EPS. On average, sell-side analysts forecast that Klaviyo will post 0.03 earnings per share for the current year.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 1,050 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now directly owns 395,616 shares of the company's stock, valued at $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Allen Chaves sold 130,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.85, for a total transaction of $4,140,500.00. The disclosure for this sale can be found here. Insiders sold a total of 275,764 shares of company stock worth $9,383,087 over the last three months. 53.24% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in KVYO. Whale Rock Capital Management LLC boosted its holdings in Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock worth $127,389,000 after acquiring an additional 3,092,725 shares in the last quarter. Bank of New York Mellon Corp grew its position in Klaviyo by 677.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company's stock valued at $68,749,000 after purchasing an additional 2,406,973 shares during the period. SpiderRock Advisors LLC raised its holdings in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company's stock worth $17,743,000 after buying an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in Klaviyo by 181.4% during the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company's stock worth $24,233,000 after buying an additional 441,500 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Klaviyo by 53.6% in the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company's stock valued at $27,889,000 after buying an additional 390,849 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.