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

Shares of Klaviyo, Inc. (NYSE:KVYO) have been given an average rating of “Moderate Buy” by the nineteen research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.89.

Several research firms have recently commented on KVYO. Cantor Fitzgerald raised their price target on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Piper Sandler raised their target price on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Stephens started coverage on shares of Klaviyo in a report on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price target for the company. Morgan Stanley raised their price objective on shares of Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird lifted their price target on shares of Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th.

Insider Activity at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the completion of the sale, the chief financial officer now directly owns 391,820 shares of the company’s stock, valued at approximately $15,351,507.60. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,126,246 shares of company stock valued at $69,799,958. 53.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Klaviyo

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Klaviyo by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock worth $318,449,000 after acquiring an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC increased its position in Klaviyo by 7.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after purchasing an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Klaviyo by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock valued at $120,676,000 after buying an additional 140,127 shares during the period. Clearbridge Investments LLC lifted its position in Klaviyo by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock valued at $89,422,000 after buying an additional 19,567 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock worth $80,151,000 after acquiring an additional 635,962 shares in the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Stock Performance

Shares of KVYO opened at $30.95 on Monday. The stock has a market capitalization of $8.45 billion, a P/E ratio of -171.93 and a beta of 0.86. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55. The company’s fifty day moving average is $40.57 and its two-hundred day moving average is $38.88.

Klaviyo (NYSE:KVYO) last issued its quarterly 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 firm had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. Sell-side analysts predict that Klaviyo will post 0.04 EPS for the current 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.