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

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.00.

A number of analysts have issued reports on the company. Piper Sandler lifted their price objective on Klaviyo from $34.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Stifel Nicolaus began coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They issued a "buy" rating and a $45.00 price target on the stock. Wells Fargo & Company reaffirmed a "buy" rating on shares of Klaviyo in a research note on Friday, October 18th. Cantor Fitzgerald lifted their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Benchmark decreased their target price on shares of Klaviyo from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th.

Insider Transactions at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the transaction, the president now owns 192,488 shares of the company's stock, valued at approximately $7,158,628.72. This trade represents a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 10,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the completion of the sale, the chief financial officer now directly owns 422,813 shares of the company's stock, valued at $12,566,002.36. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 398,996 shares of company stock valued at $12,753,416. 53.24% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC purchased a new position in Klaviyo in the third quarter valued at about $53,000. EntryPoint Capital LLC bought a new position in Klaviyo in the first quarter worth about $71,000. Dark Forest Capital Management LP lifted its position in shares of Klaviyo by 13.7% during the second quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company's stock valued at $590,000 after buying an additional 2,851 shares during the last quarter. Finally, West Tower Group LLC purchased a new stake in shares of Klaviyo during the third quarter valued at about $177,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Klaviyo Stock Performance

Shares of Klaviyo stock traded down $0.31 on Tuesday, hitting $34.47. 849,399 shares of the company traded hands, compared to its average volume of 1,177,909. Klaviyo has a 52 week low of $21.26 and a 52 week high of $41.00. The business has a 50-day simple moving average of $35.87 and a 200 day simple moving average of $29.29. The stock has a market capitalization of $9.29 billion, a P/E ratio of -191.44 and a beta of 1.13.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.24) EPS. Research analysts expect that Klaviyo will post 0.03 earnings per share for the current year.

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.