Klaviyo (NYSE:KVYO) Given New $51.00 Price Target at Barclays

Klaviyo (NYSE:KVYO) had its price objective increased by stock analysts at Barclays from $47.00 to $51.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 18.65% from the company’s previous close.

Other analysts have also issued reports about the company. Loop Capital raised their target price on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company lowered their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. William Blair restated an “outperform” rating on shares of Klaviyo in a research note on Thursday. Macquarie restated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. Finally, Canaccord Genuity Group raised their target price on Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Price Performance

NYSE:KVYO traded down $4.02 during mid-day trading on Thursday, reaching $42.98. The stock had a trading volume of 3,294,301 shares, compared to its average volume of 1,198,081. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The business’s 50 day moving average is $43.56 and its 200 day moving average is $37.75. The stock has a market cap of $11.59 billion, a P/E ratio of -238.78 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Equities analysts expect that Klaviyo will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the transaction, the president now directly owns 260,403 shares in the company, valued at approximately $10,426,536.12. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $39.18, for a total value of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at $15,351,507.60. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,536 shares of company stock valued at $4,720,953. 53.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

A number of large investors have recently modified their holdings of KVYO. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the 3rd 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 during the last quarter. CIBC Private Wealth Group LLC raised its position in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after buying an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC raised 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 buying an additional 818 shares during the last quarter. West Tower Group LLC purchased a new stake in Klaviyo in the 3rd quarter valued at $177,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Klaviyo in the 4th quarter valued at $196,000. 45.43% of the stock is currently 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.