Klaviyo (NYSE:KVYO) Price Target Raised to $45.00 at Robert W. Baird

Klaviyo (NYSE:KVYO) had its target price boosted by investment analysts at Robert W. Baird from $42.00 to $45.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 30.59% from the company’s current price.

KVYO has been the subject of a number of other reports. Wells Fargo & Company reissued a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Benchmark reduced their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday. KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research note on Thursday, August 8th. Stifel Nicolaus assumed coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Macquarie assumed coverage on shares of Klaviyo in a research note on Thursday, October 31st. They set a “neutral” rating and a $36.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.18.

Klaviyo Trading Down 14.6 %

KVYO stock traded down $5.90 during midday trading on Thursday, reaching $34.46. 4,680,996 shares of the company’s stock traded hands, compared to its average volume of 1,148,000. Klaviyo has a 52-week low of $21.26 and a 52-week high of $41.00. The stock has a market cap of $9.19 billion, a P/E ratio of -24.58 and a beta of 1.13. The stock’s 50-day moving average is $35.12 and its 200 day moving average is $28.55.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The firm’s revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, research analysts expect that Klaviyo will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the transaction, the president now owns 192,488 shares of the company’s stock, valued at $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the transaction, the president now owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00. Following the transaction, the chief financial officer now directly owns 422,813 shares in the company, valued at $12,566,002.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 871,477 shares of company stock valued at $27,610,861 in the last 90 days. Company insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KVYO. nVerses Capital LLC purchased a new position in Klaviyo during the 3rd quarter valued at about $53,000. EntryPoint Capital LLC purchased a new position in shares of Klaviyo in the 1st quarter worth approximately $71,000. Victory Capital Management Inc. purchased a new position in shares of Klaviyo in the 3rd quarter worth approximately $208,000. SG Americas Securities LLC purchased a new position in shares of Klaviyo in the 2nd quarter worth approximately $236,000. Finally, William Marsh Rice University purchased a new position in shares of Klaviyo in the 3rd quarter worth approximately $245,000. Hedge funds and other institutional investors 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.