Klaviyo's (KVYO) "Outperform" Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of Klaviyo (NYSE:KVYO - Free Report) in a report published on Thursday,RTT News reports.

KVYO has been the topic of several other reports. Wells Fargo & Company reduced their target price on Klaviyo from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday. Morgan Stanley lifted their price objective on Klaviyo from $47.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday. Robert W. Baird increased their target price on Klaviyo from $52.00 to $54.00 and gave the stock an "outperform" rating in a report on Thursday. Canaccord Genuity Group raised their target price on Klaviyo from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Cantor Fitzgerald upped their price target on shares of Klaviyo from $47.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.44.

Klaviyo Stock Down 5.6 %

Klaviyo stock traded down $2.48 during mid-day trading on Thursday, hitting $41.79. 2,914,094 shares of the company were exchanged, compared to its average volume of 1,316,713. The company has a market capitalization of $11.27 billion, a PE ratio of -232.14 and a beta of 0.60. The business has a fifty day moving average of $43.72 and a 200 day moving average of $37.92. Klaviyo has a 1-year low of $21.26 and a 1-year 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 analysts' consensus estimates of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. The firm had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. Research analysts expect that Klaviyo will post 0.04 earnings per share for the current year.

Insider Transactions at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now owns 298,607 shares of the company's stock, valued at $12,481,772.60. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amanda Whalen sold 1,050 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total value of $42,073.50. Following the completion of the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % 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 worth $4,720,953 in the last quarter. 53.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock worth $48,000 after buying an additional 808 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock worth $72,000 after acquiring an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after acquiring an additional 818 shares during the last quarter. West Tower Group LLC acquired a new position in Klaviyo during the third quarter valued at approximately $177,000. Finally, SBI Securities Co. Ltd. bought a new stake in Klaviyo in the fourth quarter valued at approximately $196,000. Institutional investors and hedge funds 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.