Klaviyo (NYSE:KVYO) Earns "Outperform" Rating from William Blair

Klaviyo (NYSE:KVYO - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at William Blair in a report released on Thursday,RTT News reports.

KVYO has been the subject of a number of other reports. Stifel Nicolaus started coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $45.00 price objective for the company. Benchmark cut their price target on Klaviyo from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Needham & Company LLC raised their target price on Klaviyo from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Macquarie reiterated a "neutral" rating and set a $36.00 price target on shares of Klaviyo in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Klaviyo has a consensus rating of "Moderate Buy" and an average target price of $39.69.

Klaviyo Trading Up 1.9 %

Shares of KVYO stock traded up $0.79 during trading hours on Thursday, hitting $42.78. 2,286,053 shares of the company were exchanged, compared to its average volume of 1,199,508. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of -237.65 and a beta of 0.97. The firm has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $31.59. Klaviyo has a 52-week low of $21.26 and a 52-week high of $44.38.

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

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 10,000 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $35.36, for a total value of $353,600.00. Following the completion of the sale, the chief financial officer now directly owns 422,813 shares of the company's stock, valued at $14,950,667.68. The trade was a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 40,000 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00. Following the transaction, the insider now directly owns 236,621 shares in the company, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,650 shares of company stock valued at $4,676,705. Corporate insiders own 53.24% of the company's stock.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. grew its stake 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 purchasing an additional 808 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $53,000. Dark Forest Capital Management LP increased its stake 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 period. West Tower Group LLC purchased a new position in shares of Klaviyo during the third quarter valued at approximately $177,000. Finally, Victory Capital Management Inc. bought a new position in shares of Klaviyo during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors 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.