Klaviyo (NYSE:KVYO) Price Target Cut to $40.00 by Analysts at Mizuho

Klaviyo (NYSE:KVYO - Free Report) had its price objective trimmed by Mizuho from $52.00 to $40.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

KVYO has been the subject of several other research reports. Needham & Company LLC upped their target price on Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Citigroup increased their target price on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Barclays lifted their target price on shares of Klaviyo from $47.00 to $51.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Klaviyo from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Finally, William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.89.

Klaviyo Stock Performance

Klaviyo stock traded down $0.26 during midday trading on Tuesday, hitting $25.70. 1,945,564 shares of the company's stock were exchanged, compared to its average volume of 1,297,945. The company has a market cap of $7.02 billion, a P/E ratio of -142.75 and a beta of 1.39. The stock has a 50-day moving average price of $34.44 and a two-hundred day moving average price of $38.05. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. As a group, sell-side analysts expect that Klaviyo will post 0.04 earnings per share for the current year.

Insider Activity

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares of the company's stock, valued at $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,088,770 shares of company stock worth $67,947,356 over the last quarter. Insiders own 53.24% of the company's stock.

Institutional Trading of Klaviyo

A number of institutional investors have recently bought and sold shares of KVYO. Focus Partners Wealth bought a new stake in shares of Klaviyo in the 4th quarter worth about $38,870,000. D. E. Shaw & Co. Inc. grew its stake in shares of Klaviyo by 195.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock valued at $54,034,000 after buying an additional 866,749 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Klaviyo in the fourth quarter worth approximately $30,851,000. Ameriprise Financial Inc. boosted its holdings in Klaviyo by 229.5% during the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock valued at $40,507,000 after acquiring an additional 684,026 shares during the period. Finally, Vanguard Group Inc. grew its position in Klaviyo by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock valued at $318,449,000 after acquiring an additional 646,628 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

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.