Klaviyo (NYSE:KVYO) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Klaviyo (NYSE:KVYO) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $31.00 price objective on the stock.

KVYO has been the subject of a number of other reports. William Blair restated an outperform rating on shares of Klaviyo in a research note on Wednesday, February 28th. KeyCorp assumed coverage on Klaviyo in a research note on Thursday, March 21st. They set a sector weight rating for the company. Barclays cut their price target on Klaviyo from $37.00 to $32.00 and set an equal weight rating for the company in a research note on Friday, January 12th. Morgan Stanley cut their price target on Klaviyo from $38.00 to $37.00 and set an equal weight rating for the company in a research note on Wednesday, February 28th. Finally, Scotiabank started coverage on Klaviyo in a research note on Tuesday, April 2nd. They set a sector perform rating and a $30.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $36.88.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $22.81 on Tuesday. Klaviyo has a fifty-two week low of $22.71 and a fifty-two week high of $39.47. The business has a 50-day simple moving average of $26.24 and a two-hundred day simple moving average of $27.75.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $201.62 million for the quarter, compared to the consensus estimate of $196.02 million. Research analysts expect that Klaviyo will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Landon Edmond sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now directly owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Claro Advisors LLC purchased a new position in Klaviyo in the 1st quarter worth approximately $23,510,000. Salem Investment Counselors Inc. raised its holdings in shares of Klaviyo by 161.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock worth $60,000 after acquiring an additional 1,450 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Klaviyo by 87.9% during the 1st quarter. Moody National Bank Trust Division now owns 15,639 shares of the company’s stock worth $398,000 after acquiring an additional 7,316 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Klaviyo by 45.6% during the 4th quarter. Vanguard Group Inc. now owns 2,103,713 shares of the company’s stock worth $58,441,000 after acquiring an additional 659,279 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Klaviyo by 243.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock worth $40,896,000 after acquiring an additional 1,042,902 shares in the last quarter. 45.43% of the stock is 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.