Klaviyo, Inc. (KVYO) – What Are Analysts Thinking About This Stock?

Klaviyo, Inc. (NYSE:KVYO) has received a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $26.86.

KVYO has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $29.00 target price on Klaviyo in a research report on Thursday, August 6th. Benchmark downgraded Klaviyo from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Klaviyo in a research report on Tuesday, September 8th. Piper Sandler dropped their price target on Klaviyo from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Klaviyo from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 8th.

Insider Buying and Selling

In other news, Director Susan St. Ledger sold 2,328 shares of Klaviyo stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $15.93, for a total value of $37,085.04. Following the transaction, the director directly owned 23,433 shares of the company’s stock, valued at $373,287.69. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Summit Partners L. P sold 5,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total transaction of $88,550,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,275,468 shares of company stock valued at $93,822,653. Company insiders own 37.42% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently made changes to their positions in KVYO. Squarepoint Ops LLC grew its holdings in shares of Klaviyo by 1,343.5% during the second quarter. Squarepoint Ops LLC now owns 962,136 shares of the company’s stock valued at $14,528,000 after buying an additional 895,485 shares in the last quarter. Bank of America Corp DE lifted its stake in Klaviyo by 88.9% in the 1st quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock worth $32,825,000 after acquiring an additional 793,613 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Klaviyo in the 2nd quarter worth about $8,663,000. Barton Investment Management lifted its stake in Klaviyo by 56.7% in the 1st quarter. Barton Investment Management now owns 1,050,052 shares of the company’s stock worth $20,434,000 after acquiring an additional 380,010 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Klaviyo by 46.5% during the 1st quarter. First Trust Advisors LP now owns 1,181,887 shares of the company’s stock worth $23,000,000 after acquiring an additional 374,959 shares during the period. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Performance

Klaviyo stock opened at $17.58 on Tuesday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 879.39 and a beta of 0.67. Klaviyo has a 1 year low of $12.53 and a 1 year high of $33.35. The firm’s 50 day moving average price is $17.41 and its two-hundred day moving average price is $16.96.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, equities analysts predict that Klaviyo will post 0.20 EPS for the current fiscal year.

About Klaviyo

Klaviyo, Inc (NYSE: KVYO) provides a customer data and marketing automation platform designed primarily for businesses that sell online. Its software helps organizations collect, organize and analyze customer information, then use those insights to create personalized marketing and customer engagement campaigns.

The company’s platform supports communication across channels including email, SMS and mobile push notifications. Its products provide tools for audience segmentation, campaign orchestration, automation, analytics and reporting, with capabilities intended to help businesses improve customer acquisition, engagement and retention.