Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Benchmark Analyst Says

Klaviyo (NYSE:KVYO) had its price target upped by investment analysts at Benchmark from $40.00 to $51.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 15.32% from the stock’s current price.

Several other research firms also recently weighed in on KVYO. Wells Fargo & Company lifted their price objective on Klaviyo from $41.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Citigroup lifted their price objective on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. KeyCorp lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Robert W. Baird lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Loop Capital lifted their target price on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Trading Down 5.9 %

NYSE:KVYO opened at $44.23 on Wednesday. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55. The company has a market cap of $11.92 billion, a price-to-earnings ratio of -245.69 and a beta of 0.60. The stock has a fifty day simple moving average of $43.66 and a 200-day simple moving average of $37.80.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. As a group, equities research analysts predict that Klaviyo will post 0.03 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $40.07, for a total value of $42,073.50. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,536 shares of company stock worth $4,720,953. Insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

A number of large investors have recently bought and sold shares of KVYO. Advisors Asset Management Inc. boosted its position in 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 during the last quarter. CIBC Private Wealth Group LLC boosted its position in Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after buying an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after buying an additional 818 shares during the last quarter. West Tower Group LLC acquired a new position in Klaviyo in the third quarter valued at approximately $177,000. Finally, SBI Securities Co. Ltd. acquired a new position in Klaviyo in the fourth quarter valued at approximately $196,000. 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.