Klaviyo (NYSE:KVYO) Releases Earnings Results, Misses Expectations By $0.12 EPS

Klaviyo (NYSE:KVYO) posted its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12), Zacks reports. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%.

Klaviyo Trading Down 0.7 %

KVYO stock traded down $0.33 during midday trading on Wednesday, reaching $46.94. 2,105,903 shares of the company’s stock traded hands, compared to its average volume of 1,131,642. Klaviyo has a 52-week low of $21.26 and a 52-week high of $49.55. The stock has a market cap of $12.66 billion, a P/E ratio of -260.76 and a beta of 0.60. The stock’s 50-day moving average is $43.41 and its 200 day moving average is $37.69.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now directly owns 298,607 shares in the company, valued at $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amanda Whalen sold 23,950 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $40.04, for a total transaction of $958,958.00. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,840,464.64. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,536 shares of company stock valued at $4,720,953. Insiders own 53.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Macquarie reiterated a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Scotiabank raised their target price on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Benchmark lifted their target price on shares of Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald lifted their target price on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Citigroup lifted their target price on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $44.94.

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.