Analysts Set Klaviyo, Inc. (NYSE:KVYO) Price Target at $39.69

Klaviyo, Inc. (NYSE:KVYO) has been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.69.

Several research firms recently commented on KVYO. Benchmark lowered their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. KeyCorp raised their price target on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday.

Insider Transactions at Klaviyo

In related news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00. Following the transaction, the insider now directly owns 236,621 shares in the company, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the transaction, the president now directly owns 186,785 shares in the company, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,650 shares of company stock worth $4,676,705. Insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

Several hedge funds have recently made changes to their positions in KVYO. Advisors Asset Management Inc. boosted its stake in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new stake in Klaviyo in the third quarter valued at $53,000. Dark Forest Capital Management LP boosted its position in shares of Klaviyo by 13.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock worth $590,000 after purchasing an additional 2,851 shares in the last quarter. West Tower Group LLC acquired a new position in shares of Klaviyo during the 3rd quarter worth $177,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Klaviyo in the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Stock Up 3.0 %

NYSE:KVYO opened at $44.08 on Friday. Klaviyo has a 52 week low of $21.26 and a 52 week high of $44.77. The stock’s fifty day moving average is $38.09 and its two-hundred day moving average is $31.74. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of -244.88 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Klaviyo’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.24) EPS. On average, sell-side analysts expect that Klaviyo will post 0.03 EPS for the current fiscal year.

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.