Klaviyo, Inc. (NYSE:KVYO) Given Average Rating of “Moderate Buy” by Brokerages

Klaviyo, Inc. (NYSE:KVYO) has received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $36.88.

KVYO has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $38.00 price objective on shares of Klaviyo in a report on Wednesday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research note on Wednesday, February 28th. Scotiabank assumed coverage on Klaviyo in a research note on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 target price for the company. The Goldman Sachs Group upgraded Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, February 5th. Finally, Cantor Fitzgerald initiated coverage on Klaviyo in a research note on Tuesday, April 16th. They issued an “overweight” rating and a $31.00 price target on the stock.

Klaviyo Stock Up 0.7 %

NYSE KVYO opened at $23.38 on Friday. Klaviyo has a 52-week low of $22.02 and a 52-week high of $39.47. The company has a fifty day moving average of $24.52 and a 200-day moving average of $26.85.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $201.62 million during the quarter, compared to analysts’ expectations of $196.02 million. On average, analysts anticipate that Klaviyo will post -0.27 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other news, insider Landon Edmond sold 3,545 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now directly owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Klaviyo

A number of hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. bought a new position in Klaviyo during the 4th quarter valued at approximately $25,000. New York State Common Retirement Fund purchased a new stake in shares of Klaviyo in the third quarter worth $65,000. Skylands Capital LLC bought a new position in shares of Klaviyo during the third quarter valued at $172,000. Moody National Bank Trust Division increased its holdings in shares of Klaviyo by 87.9% during the first quarter. Moody National Bank Trust Division now owns 15,639 shares of the company’s stock valued at $398,000 after acquiring an additional 7,316 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Klaviyo in the 3rd quarter worth about $391,000. 45.43% of the stock is owned by institutional investors.

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.