Klaviyo, Inc. (NYSE:KVYO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Klaviyo, Inc. (NYSE:KVYO) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.44.

Several equities analysts have weighed in on KVYO shares. Loop Capital raised their price objective on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Citigroup raised their price target on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. KeyCorp increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Barclays boosted their target price on Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th.

Insider Buying and Selling

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Amanda Whalen sold 1,050 shares of Klaviyo stock in a transaction 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 transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,852,333.12. This trade represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,536 shares of company stock valued at $4,720,953. 53.24% of the stock is owned by insiders.

Institutional Trading of Klaviyo

A number of institutional investors have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC purchased a new position in Klaviyo during the 3rd quarter valued at about $5,513,000. Pier 88 Investment Partners LLC bought a new position in shares of Klaviyo in the third quarter valued at approximately $966,000. SpiderRock Advisors LLC grew its stake in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after acquiring an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Klaviyo during the 3rd quarter worth approximately $5,113,000. Finally, Renaissance Capital LLC lifted its stake in Klaviyo by 56.4% in the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after purchasing an additional 44,245 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Price Performance

NYSE:KVYO opened at $40.51 on Thursday. Klaviyo has a one year low of $21.26 and a one year high of $49.55. The company has a market cap of $10.92 billion, a PE ratio of -225.04 and a beta of 0.60. The firm has a 50-day moving average of $43.64 and a 200-day moving average of $38.30.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, equities research analysts expect that Klaviyo will post 0.04 earnings per share 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.