Klaviyo (KVYO) to Release Quarterly Earnings on Wednesday

Klaviyo (NYSE:KVYO - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Klaviyo to post earnings of $0.11 per share for the quarter. Klaviyo has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

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

Klaviyo Price Performance

NYSE KVYO traded down $0.63 on Wednesday, hitting $38.62. 563,920 shares of the company's stock were exchanged, compared to its average volume of 1,120,974. The firm's 50-day moving average price is $34.25 and its two-hundred day moving average price is $27.92. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $39.92. The firm has a market cap of $10.30 billion and a price-to-earnings ratio of -27.82.

Analyst Upgrades and Downgrades

KVYO has been the topic of several recent analyst reports. KeyCorp upgraded Klaviyo from a "sector weight" rating to an "overweight" rating and set a $33.00 target price on the stock in a research report on Thursday, August 8th. Robert W. Baird upped their price target on Klaviyo from $35.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Cantor Fitzgerald upped their price target on Klaviyo from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Klaviyo in a report on Wednesday, September 4th. Finally, Benchmark restated a "buy" rating and issued a $42.00 price target on shares of Klaviyo in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.38.

Insiders Place Their Bets

In other Klaviyo news, major shareholder Jeff Fagnan purchased 9,485 shares of Klaviyo stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $26.43 per share, with a total value of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares in the company, valued at $250,688.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Klaviyo news, major shareholder Jeff Fagnan purchased 9,485 shares of Klaviyo stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $26.43 per share, with a total value of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares in the company, valued at $250,688.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Summit Partners L. P sold 242,601 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $31.78, for a total value of $7,709,859.78. The disclosure for this sale can be found here. Insiders have sold a total of 871,477 shares of company stock valued at $27,610,861 in the last quarter. 53.24% of the stock is currently owned by company insiders.

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.