Klaviyo (NYSE:KVYO) Given New $52.00 Price Target at Mizuho

Klaviyo (NYSE:KVYO - Get Free Report) had its target price lifted by research analysts at Mizuho from $42.00 to $52.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's price target indicates a potential upside of 24.45% from the company's previous close.

A number of other brokerages have also recently issued reports on KVYO. Needham & Company LLC increased their target price on shares of Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup increased their target price on shares of Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. KeyCorp increased their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, Benchmark increased their target price on shares of Klaviyo from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $49.44.

Klaviyo Stock Performance

Shares of NYSE:KVYO traded down $2.48 during midday trading on Thursday, reaching $41.79. 2,914,094 shares of the company's stock were exchanged, compared to its average volume of 1,316,713. The company's 50 day simple moving average is $43.72 and its two-hundred day simple moving average is $37.92. The firm has a market capitalization of $11.27 billion, a PE ratio of -232.14 and a beta of 0.60. Klaviyo has a 12 month low of $21.26 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The business had revenue of $270.16 million for 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, research analysts anticipate that Klaviyo will post 0.04 earnings per share for the current year.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 1,050 shares of Klaviyo stock in a transaction that occurred on Monday, December 9th. The shares were 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 $15,852,333.12. The trade was a 0.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the transaction, the insider now directly owns 298,607 shares in the company, valued at $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock worth $4,720,953 in the last quarter. 53.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Klaviyo by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock valued at $318,449,000 after buying an additional 646,628 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Klaviyo by 7.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after purchasing an additional 267,845 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Klaviyo by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock valued at $120,676,000 after purchasing an additional 140,127 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Klaviyo by 0.9% in the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock valued at $89,422,000 after purchasing an additional 19,567 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock valued at $80,151,000 after purchasing an additional 635,962 shares during the last quarter. Institutional investors own 45.43% of the company's stock.

About Klaviyo

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.