Stifel Nicolaus Issues Positive Forecast for Klaviyo (NYSE:KVYO) Stock Price

Klaviyo (NYSE:KVYO) had its target price hoisted by Stifel Nicolaus from $45.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. KeyCorp lifted their price target on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Cantor Fitzgerald lifted their target price on Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday. Canaccord Genuity Group lifted their target price on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank lifted their target price on Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo Trading Down 5.9 %

NYSE:KVYO opened at $44.23 on Thursday. The stock has a fifty day moving average price of $43.66 and a 200 day moving average price of $37.80. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. As a group, sell-side analysts forecast that Klaviyo will post 0.04 earnings per share for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 23,950 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $15,840,464.64. The trade was a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Landon Edmond sold 40,000 shares of the business’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 transaction, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,536 shares of company stock worth $4,720,953 in the last quarter. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVYO. Creative Planning acquired a new position in Klaviyo during the 3rd quarter worth approximately $254,000. SpiderRock Advisors LLC increased its position in Klaviyo by 1,571.7% during the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after purchasing an additional 471,500 shares during the period. Mayflower Financial Advisors LLC increased its position in Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after purchasing an additional 441,500 shares during the period. Lisanti Capital Growth LLC purchased a new stake in shares of Klaviyo during the 3rd quarter worth approximately $5,513,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Klaviyo during the 3rd quarter worth approximately $335,000. Institutional investors and hedge funds 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.