Stifel Nicolaus Cuts Klaviyo (NYSE:KVYO) Price Target to $28.00

Klaviyo (NYSE:KVYO) had its price target trimmed by Stifel Nicolaus from $35.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on KVYO. Mizuho set a $37.00 price objective on shares of Klaviyo in a research note on Wednesday, February 11th. Stephens dropped their target price on Klaviyo from $43.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC cut their price target on Klaviyo from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Benchmark reduced their price target on Klaviyo from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Klaviyo in a research note on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Klaviyo presently has a consensus rating of “Moderate Buy” and an average price target of $31.60.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $15.17 on Wednesday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -379.11 and a beta of 0.79. The firm’s 50-day moving average is $18.96 and its two-hundred day moving average is $23.81. Klaviyo has a 1 year low of $14.95 and a 1 year high of $37.79.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The business had revenue of $358.01 million during the quarter, compared to analyst estimates of $348.57 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities analysts expect that Klaviyo will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $18.54, for a total transaction of $259,560.00. Following the completion of the sale, the chief financial officer owned 895,141 shares in the company, valued at approximately $16,595,914.14. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 9,623 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $20.00, for a total value of $192,460.00. Following the completion of the sale, the insider directly owned 584,124 shares of the company’s stock, valued at $11,682,480. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,473,909 shares of company stock worth $27,200,157 over the last three months. Corporate insiders own 49.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after buying an additional 908 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Klaviyo during the third quarter worth about $34,000. Quarry LP purchased a new stake in shares of Klaviyo during the third quarter worth about $44,000. Osaic Holdings Inc. increased its holdings in shares of Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after acquiring an additional 1,284 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new position in shares of Klaviyo during the third quarter valued at about $69,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.