Klaviyo (NYSE:KVYO) Price Target Lowered to $25.00 at Barclays

Klaviyo (NYSE:KVYO) had its target price dropped by equities research analysts at Barclays from $32.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 1.75% from the company’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird decreased their target price on Klaviyo from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday. Mizuho decreased their target price on Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank initiated coverage on Klaviyo in a research note on Tuesday, April 2nd. They set a “sector perform” rating and a $30.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research note on Wednesday, February 28th. Finally, FBN Securities initiated coverage on Klaviyo in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.81.

Klaviyo Stock Up 14.1 %

Shares of KVYO stock traded up $3.04 during trading hours on Thursday, reaching $24.57. 1,809,381 shares of the company traded hands, compared to its average volume of 1,134,082. Klaviyo has a 12-month low of $21.51 and a 12-month high of $39.47. The firm has a 50-day moving average price of $24.52 and a 200 day moving average price of $26.85.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $210.00 million for the quarter, compared to the consensus estimate of $202.08 million. Klaviyo’s revenue was up 34.5% on a year-over-year basis. On average, equities research analysts forecast that Klaviyo will post -0.27 EPS for the current year.

Insider Transactions at Klaviyo

In other news, insider Landon Edmond sold 3,545 shares of the stock in a transaction on 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 owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds have recently made changes to their positions in KVYO. Skylands Capital LLC purchased a new stake in shares of Klaviyo during the 3rd quarter worth $172,000. Allspring Global Investments Holdings LLC purchased a new stake in Klaviyo in the third quarter valued at about $1,087,000. New York State Common Retirement Fund purchased a new stake in Klaviyo in the third quarter valued at about $65,000. Glynn Capital Management LLC purchased a new stake in Klaviyo in the third quarter valued at about $8,478,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Klaviyo in the third quarter valued at about $5,111,000. 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.