Klaviyo (NYSE:KVYO) Given New $54.00 Price Target at Stifel Nicolaus

Klaviyo (NYSE:KVYO - Get Free Report) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $45.00 to $54.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 29.23% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. KeyCorp raised their price target on Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Robert W. Baird raised their price target on Klaviyo from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Thursday. Piper Sandler raised their price objective on Klaviyo from $50.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday. Macquarie reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised their price objective on Klaviyo from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and an average target price of $49.44.

Klaviyo Price Performance

Shares of NYSE:KVYO traded down $2.48 during trading on Thursday, hitting $41.79. 2,914,094 shares of the company's stock were exchanged, compared to its average volume of 1,316,713. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55. The business's 50-day simple moving average is $43.72 and its 200 day simple moving average is $37.92. The company has a market cap of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million for the quarter, compared to analysts' expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. On average, sell-side analysts anticipate that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other news, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the transaction, the president now directly owns 260,403 shares in the company, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 23,950 shares of Klaviyo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the completion of the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $15,840,464.64. This represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock valued at $4,720,953 in the last ninety days. Corporate insiders own 53.24% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Klaviyo by 8.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after acquiring an additional 359 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Klaviyo by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after acquiring an additional 604 shares during the period. Arizona State Retirement System increased its holdings in shares of Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company's stock valued at $695,000 after acquiring an additional 648 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Klaviyo by 5.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock valued at $589,000 after acquiring an additional 677 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after acquiring an additional 808 shares during the period. 45.43% of the stock is currently owned by hedge funds and other 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.