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

Klaviyo, Inc. (NYSE:KVYO) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.50.

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, February 5th. FBN Securities started coverage on Klaviyo in a research note on Wednesday, March 20th. They set an “outperform” rating and a $35.00 price objective for the company. Mizuho reduced their target price on shares of Klaviyo from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley dropped their price target on shares of Klaviyo from $37.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, KeyCorp started coverage on shares of Klaviyo in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock.

Klaviyo Stock Performance

KVYO stock opened at $23.97 on Friday. Klaviyo has a 1 year low of $21.51 and a 1 year high of $39.47. The stock’s fifty day moving average price is $24.40 and its 200-day moving average price is $26.82.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $202.08 million. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. On average, sell-side analysts expect that Klaviyo will post -0.27 EPS for the current year.

Insider Transactions at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of Klaviyo stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. purchased a new stake in shares of Klaviyo during the 4th quarter valued at about $25,000. New York State Common Retirement Fund bought a new stake in Klaviyo during the third quarter worth approximately $65,000. Skylands Capital LLC purchased a new stake in Klaviyo during the third quarter valued at approximately $172,000. Moody National Bank Trust Division bought a new stake in shares of Klaviyo in the 4th quarter valued at approximately $231,000. Finally, Renaissance Capital LLC purchased a new position in shares of Klaviyo in the 4th quarter worth approximately $341,000. Institutional investors own 45.43% of the company’s stock.

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.