Klaviyo (NYSE:KVYO) Price Target Raised to $54.00

Klaviyo (NYSE:KVYO - Get Free Report) had its price target raised by equities researchers at Cantor Fitzgerald from $47.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 29.23% from the company's current price.

A number of other research analysts also recently commented on KVYO. Citigroup upped their price objective on Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group increased their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Scotiabank lifted their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Loop Capital upped their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Benchmark raised their price target on shares of Klaviyo from $40.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.44.

Klaviyo Stock Performance

Shares of Klaviyo stock traded down $2.48 during trading hours on Thursday, reaching $41.79. The company's stock had a trading volume of 2,914,094 shares, compared to its average volume of 1,316,713. Klaviyo has a one year low of $21.26 and a one year high of $49.55. The company's 50 day simple moving average is $43.72 and its 200 day simple moving average is $37.92. The stock has a market cap of $11.27 billion, a P/E ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its 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 business had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. On average, sell-side analysts predict that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 1,050 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the transaction, the president now owns 260,403 shares in the company, valued at $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,536 shares of company stock worth $4,720,953. 53.24% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of KVYO. Lisanti Capital Growth LLC acquired a new position in shares of Klaviyo in the 3rd quarter valued at $5,513,000. Pier 88 Investment Partners LLC acquired a new stake in Klaviyo during the third quarter valued at approximately $966,000. SpiderRock Advisors LLC raised its holdings in shares of Klaviyo by 1,571.7% in the 3rd 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 in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Klaviyo during the 3rd quarter worth approximately $5,113,000. Finally, Renaissance Capital LLC boosted its stake in Klaviyo by 56.4% in the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company's stock valued at $5,058,000 after buying an additional 44,245 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.