Klaviyo, Inc. (NYSE:KVYO) Receives Average Recommendation of “Moderate Buy” from Analysts

Klaviyo, Inc. (NYSE:KVYO) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are presently 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 1 year target price among brokers that have issued a report on the stock in the last year is $49.89.

A number of brokerages recently issued reports on KVYO. Barclays raised their price target on Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley boosted their target price 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. Canaccord Genuity Group raised their price target on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Scotiabank boosted their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, KeyCorp raised their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th.

Klaviyo Stock Performance

Shares of KVYO opened at $30.95 on Monday. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The stock has a market capitalization of $8.45 billion, a PE ratio of -171.93 and a beta of 0.86. The company’s fifty day moving average is $40.57 and its 200 day moving average is $38.88.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. As a group, research analysts forecast that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Summit Partners L. P sold 2,000,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,126,246 shares of company stock valued at $69,799,958 in the last three months. 53.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of KVYO. California State Teachers Retirement System increased its position in Klaviyo by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company’s stock worth $2,062,000 after buying an additional 864 shares during the period. Alpha Wealth Funds LLC purchased a new position in shares of Klaviyo during the fourth quarter worth approximately $209,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Klaviyo during the fourth quarter worth approximately $397,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Klaviyo by 76.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock valued at $4,338,000 after acquiring an additional 45,523 shares during the period. Finally, Voloridge Investment Management LLC raised its position in Klaviyo by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company’s stock valued at $38,058,000 after purchasing an additional 125,352 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.