Shares of Klaviyo, Inc. (NYSE:KVYO – Get 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
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:KVYO – Get 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
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.
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