Klaviyo, Inc. (NYSE:KVYO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.89.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Citigroup raised their target price on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. William Blair reissued an "outperform" rating on shares of Klaviyo in a research note on Thursday, February 20th. Needham & Company LLC increased their price objective on shares of Klaviyo from $46.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Cantor Fitzgerald upped their target price on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th.

Insider Activity

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now owns 298,607 shares of the company's stock, valued at $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,126,246 shares of company stock valued at $69,799,958. 53.24% of the stock is owned by insiders.

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Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently modified their holdings of KVYO. California State Teachers Retirement System lifted its position in Klaviyo by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock worth $2,062,000 after acquiring an additional 864 shares during the last quarter. Alpha Wealth Funds LLC bought a new stake in Klaviyo in the 4th quarter valued at $209,000. Total Wealth Planning & Management Inc. bought a new stake in Klaviyo in the 4th quarter valued at $397,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Klaviyo by 76.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company's stock valued at $4,338,000 after buying an additional 45,523 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in Klaviyo by 15.7% during the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company's stock worth $38,058,000 after buying an additional 125,352 shares during the period. Institutional investors own 45.43% of the company's stock.

Klaviyo Trading Down 2.5 %

Shares of Klaviyo stock traded down $0.84 during trading on Monday, reaching $32.84. The company's stock had a trading volume of 507,204 shares, compared to its average volume of 1,203,082. Klaviyo has a one year low of $21.26 and a one year high of $49.55. The stock has a 50-day moving average price of $40.90 and a two-hundred day moving average price of $38.79. The stock has a market capitalization of $8.97 billion, a P/E ratio of -182.46 and a beta of 0.86.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. As a group, sell-side analysts anticipate that Klaviyo will post 0.04 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.