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

Shares of Klaviyo, Inc. (NYSE:KVYOGet Free Report) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $36.00.

A number of analysts recently issued reports on KVYO shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a research report on Wednesday, September 4th. Barclays lifted their price target on shares of Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Benchmark began coverage on shares of Klaviyo in a research note on Monday, September 30th. They issued a “buy” rating and a $42.00 price target on the stock. Cantor Fitzgerald increased their price objective on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Piper Sandler boosted their target price on Klaviyo from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th.

Check Out Our Latest Stock Analysis on Klaviyo

Insider Activity

In related news, major shareholder Jeff Fagnan purchased 9,485 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $26.43 per share, for a total transaction of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares of the company’s stock, valued at $250,688.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Allen Chaves sold 130,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $31.59, for a total value of $4,106,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jeff Fagnan purchased 9,485 shares of Klaviyo stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $26.43 per share, with a total value of $250,688.55. Following the transaction, the insider now owns 9,485 shares in the company, valued at $250,688.55. The disclosure for this purchase can be found here. In the last quarter, insiders sold 853,363 shares of company stock worth $26,937,202. Corporate insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KVYO. Bank of New York Mellon Corp grew its holdings in shares of Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after buying an additional 2,406,973 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Klaviyo by 1.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock valued at $56,201,000 after purchasing an additional 31,587 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Klaviyo by 243.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock worth $40,896,000 after purchasing an additional 1,042,902 shares during the period. Glynn Capital Management LLC raised its stake in shares of Klaviyo by 19.7% during the 2nd quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock worth $33,944,000 after buying an additional 224,461 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Klaviyo by 38.7% in the 2nd quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock valued at $31,860,000 after buying an additional 357,355 shares during the period. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Trading Up 1.7 %

NYSE KVYO opened at $35.42 on Monday. Klaviyo has a 52 week low of $21.26 and a 52 week high of $36.47. The business’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $26.43.

Klaviyo (NYSE:KVYOGet Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The company had revenue of $222.21 million during the quarter, compared to analyst estimates of $212.34 million. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Klaviyo will post -0.01 EPS for the current fiscal year.

Klaviyo Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Klaviyo (NYSE:KVYO)

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