Stifel Nicolaus Forecasts Strong Price Appreciation for Klaviyo (NYSE:KVYO) Stock

Klaviyo (NYSE:KVYO) had its price objective boosted by investment analysts at Stifel Nicolaus from $45.00 to $54.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 29.23% from the stock’s current price.

Other analysts have also issued reports about the company. Citigroup raised their target price on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group boosted their target price on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp increased their price target 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. Loop Capital boosted their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley increased their price objective on Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Stock Down 5.6 %

Shares of Klaviyo stock opened at $41.79 on Thursday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55. The stock has a market capitalization of $11.27 billion, a P/E ratio of -232.14 and a beta of 0.60. The company has a 50-day simple moving average of $43.72 and a 200 day simple moving average of $37.92.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data 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 analyst estimates of $257.24 million. Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. On average, equities analysts anticipate that Klaviyo will post 0.04 earnings per share for the current year.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 1,050 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

A number of large investors have recently bought and sold shares of KVYO. Advisors Asset Management Inc. lifted its stake in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after acquiring an additional 1,102 shares during the period. Tower Research Capital LLC TRC lifted its position in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after acquiring an additional 818 shares in the last quarter. West Tower Group LLC acquired a new position in Klaviyo in the 3rd quarter worth $177,000. Finally, SBI Securities Co. Ltd. bought a new position in Klaviyo during the 4th quarter worth about $196,000. 45.43% of the stock is owned by institutional investors.

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.