Klaviyo (NYSE:KVYO) Given New $54.00 Price Target at Robert W. Baird

Klaviyo (NYSE:KVYO - Get Free Report) had its price objective upped by analysts at Robert W. Baird from $52.00 to $54.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 29.23% from the company's previous close.

KVYO has been the topic of a number of other reports. Scotiabank boosted their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Klaviyo from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday. William Blair restated an "outperform" rating on shares of Klaviyo in a report on Thursday, December 19th. Cantor Fitzgerald lifted their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Citigroup lifted their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $49.44.

Klaviyo Trading Down 5.6 %

KVYO stock traded down $2.48 during trading on Thursday, reaching $41.79. 2,914,094 shares of the stock were exchanged, compared to its average volume of 1,316,713. The business has a 50 day moving average price of $43.72 and a 200-day moving average price of $37.92. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts' expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. On average, research analysts anticipate that Klaviyo will post 0.04 EPS for the current year.

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 4,536 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the transaction, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the transaction, the chief financial officer now owns 376,820 shares of the company's stock, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,536 shares of company stock worth $4,720,953 in the last 90 days. Corporate insiders own 53.24% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KVYO. Advisors Asset Management Inc. raised its position in 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 purchasing an additional 808 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock worth $72,000 after purchasing an additional 1,102 shares during the period. Tower Research Capital LLC TRC boosted its stake in Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after purchasing an additional 818 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Klaviyo during the 4th quarter worth $196,000. Finally, US Bancorp DE acquired a new stake in Klaviyo during the 4th quarter worth $199,000. 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.