Klaviyo (NYSE:KVYO) Sets New 52-Week Low at $22.12

Klaviyo, Inc. (NYSE:KVYO)’s stock price hit a new 52-week low on Thursday . The company traded as low as $22.12 and last traded at $22.68, with a volume of 117632 shares. The stock had previously closed at $22.89.

Analysts Set New Price Targets

KVYO has been the subject of a number of research analyst reports. Cantor Fitzgerald started coverage on shares of Klaviyo in a report on Tuesday, April 16th. They set an “overweight” rating and a $31.00 price objective for the company. KeyCorp initiated coverage on Klaviyo in a research note on Thursday, March 21st. They issued a “sector weight” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research report on Wednesday, February 28th. Barclays dropped their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, January 12th. Finally, William Blair reissued an “outperform” rating on shares of Klaviyo in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.88.

Klaviyo Stock Performance

The company has a 50 day moving average of $25.65 and a 200-day moving average of $27.46.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $201.62 million for the quarter, compared to analysts’ expectations of $196.02 million. On average, equities analysts expect that Klaviyo, Inc. will post -0.27 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, insider Landon Edmond sold 3,545 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.15, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Klaviyo

Large investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. bought a new position in shares of Klaviyo in the fourth quarter worth approximately $25,000. New York State Common Retirement Fund bought a new stake in Klaviyo in the 3rd quarter worth $65,000. Skylands Capital LLC purchased a new position in shares of Klaviyo in the third quarter valued at about $172,000. Moody National Bank Trust Division bought a new position in shares of Klaviyo during the fourth quarter valued at about $231,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of Klaviyo during the third quarter worth about $391,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.