Klaviyo’s (KVYO) Outperform Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of Klaviyo (NYSE:KVYO) in a report released on Thursday,RTT News reports.

Several other equities analysts have also recently weighed in on the company. Piper Sandler increased their price target on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company lowered their price target on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday. KeyCorp increased their price target on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Scotiabank increased their price target on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo Trading Down 5.6 %

KVYO stock opened at $41.79 on Thursday. The stock has a market capitalization of $11.27 billion, a PE ratio of -232.14 and a beta of 0.60. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55. The stock’s 50 day simple moving average is $43.72 and its 200 day simple moving average is $38.04.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. On average, research analysts predict that Klaviyo will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 1,050 shares of the stock in a transaction on Monday, December 9th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the sale, the president now owns 260,403 shares of the company’s stock, valued at $10,426,536.12. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,536 shares of company stock worth $4,720,953. Corporate insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lisanti Capital Growth LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $5,513,000. Pier 88 Investment Partners LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $966,000. SpiderRock Advisors LLC grew its position in shares of 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 purchasing an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $5,113,000. Finally, Renaissance Capital LLC grew its position in shares of Klaviyo by 56.4% during the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock valued at $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.

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.