Klaviyo, Inc. (NYSE:KVYO) Given Consensus Rating of "Moderate Buy" by Analysts

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.38.

KVYO has been the subject of a number of research reports. Cantor Fitzgerald raised their price objective on Klaviyo from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Stifel Nicolaus initiated coverage on shares of Klaviyo in a report on Tuesday. They set a "buy" rating and a $45.00 price objective on the stock. KeyCorp upgraded shares of Klaviyo from a "sector weight" rating to an "overweight" rating and set a $33.00 price objective for the company in a report on Thursday, August 8th. Robert W. Baird raised their price target on shares of Klaviyo from $35.00 to $42.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reiterated a "buy" rating on shares of Klaviyo in a research note on Friday, October 18th.

Klaviyo Price Performance

KVYO traded up $0.33 during trading on Friday, hitting $39.03. The company's stock had a trading volume of 974,848 shares, compared to its average volume of 1,130,049. The stock's fifty day moving average price is $33.82 and its 200-day moving average price is $27.55. Klaviyo has a twelve month low of $21.26 and a twelve month high of $39.77.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to the consensus estimate of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The business's revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share.

Insider Activity at Klaviyo

In related news, major shareholder Jeff Fagnan acquired 9,485 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $26.43 per share, with a total value of $250,688.55. Following the acquisition, the insider now owns 9,485 shares of the company's stock, valued at approximately $250,688.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38. Following the transaction, the president now owns 192,488 shares of the company's stock, valued at approximately $6,096,094.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jeff Fagnan purchased 9,485 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $26.43 per share, with a total value of $250,688.55. Following the completion of the purchase, the insider now directly owns 9,485 shares of the company's stock, valued at $250,688.55. The disclosure for this purchase can be found here. Insiders have sold 871,477 shares of company stock valued at $27,610,861 over the last three months. 53.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KVYO. nVerses Capital LLC bought a new stake in Klaviyo in the 3rd quarter worth $53,000. EntryPoint Capital LLC purchased a new stake in shares of Klaviyo during the first quarter worth about $71,000. William Marsh Rice University bought a new stake in shares of Klaviyo in the third quarter worth about $245,000. Creative Planning bought a new position in Klaviyo during the 3rd quarter valued at approximately $254,000. Finally, SG Americas Securities LLC purchased a new stake in Klaviyo in the 2nd quarter worth approximately $236,000. 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.