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

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eighteen research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.41.

Several research firms have recently commented on KVYO. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research report on Thursday, December 19th. Macquarie reiterated a "neutral" rating and issued a $36.00 price target on shares of Klaviyo in a research note on Friday, November 8th. Stifel Nicolaus assumed coverage on Klaviyo in a research note on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price objective for the company. Piper Sandler increased their target price on Klaviyo from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, KeyCorp raised their price target on Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, December 13th.

Insider Buying and Selling at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the transaction, the insider now directly owns 236,621 shares of the company's stock, valued at $8,177,621.76. The trade was a 14.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares of the company's stock, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,650 shares of company stock worth $4,323,105 in the last three months. 53.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently bought and sold shares of KVYO. Advisors Asset Management Inc. lifted its holdings in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock worth $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC purchased a new stake in Klaviyo in the 3rd quarter worth $53,000. Dark Forest Capital Management LP boosted its holdings in shares of Klaviyo by 13.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company's stock valued at $590,000 after purchasing an additional 2,851 shares during the last quarter. West Tower Group LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $177,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Klaviyo during the third quarter valued at about $208,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Price Performance

KVYO traded down $0.74 during midday trading on Wednesday, reaching $40.98. 525,101 shares of the company's stock traded hands, compared to its average volume of 754,140. Klaviyo has a 52 week low of $21.26 and a 52 week high of $44.77. The firm has a fifty day moving average of $39.19 and a two-hundred day moving average of $33.60. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of -227.65 and a beta of 0.57.

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