Klaviyo, Inc. (NYSE:KVYO) Stock Rated “Moderate Buy” by Wall Street Analysts

Klaviyo, Inc. (NYSE:KVYO) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $27.14.

A number of research firms have weighed in on KVYO. Truist Financial decreased their target price on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company set a $29.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Klaviyo in a research note on Tuesday, September 8th. KeyCorp decreased their price objective on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, Scotiabank set a $32.00 target price on shares of Klaviyo in a report on Wednesday, June 17th.

Klaviyo Trading Down 3.8%

NYSE KVYO opened at $16.14 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of 807.30 and a beta of 0.57. The business’s 50-day moving average price is $17.78 and its two-hundred day moving average price is $17.25. Klaviyo has a 12 month low of $12.53 and a 12 month high of $34.75.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The firm’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. As a group, analysts forecast that Klaviyo will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ed Hallen sold 98,782 shares of Klaviyo stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the completion of the transaction, the director directly owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. This trade represents a 51.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 8,103 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $20.44, for a total value of $165,625.32. Following the completion of the transaction, the insider directly owned 477,866 shares in the company, valued at $9,767,581.04. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,176,686 shares of company stock worth $92,104,340. 37.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds have recently added to or reduced their stakes in KVYO. Capital International Investors bought a new position in shares of Klaviyo during the 4th quarter worth approximately $415,254,000. Sands Capital Alternatives LLC increased its stake in shares of Klaviyo by 3.8% in the 4th quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock valued at $118,505,000 after acquiring an additional 134,613 shares in the last quarter. Fiera Capital Corp increased its stake in shares of Klaviyo by 87.7% in the 4th quarter. Fiera Capital Corp now owns 2,331,650 shares of the company’s stock valued at $75,709,000 after acquiring an additional 1,089,704 shares in the last quarter. Norges Bank acquired a new position in shares of Klaviyo during the 4th quarter valued at $49,300,000. Finally, Capital World Investors acquired a new position in shares of Klaviyo during the 4th quarter valued at $37,273,000. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Company Profile

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.