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

Shares of Klaviyo, Inc. (NYSE:KVYO) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.14.

A number of research analysts have recently commented on KVYO shares. TD Cowen dropped their target price on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen lowered shares of Klaviyo from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. KeyCorp lowered their price objective on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Barclays dropped their price objective on shares of Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group cut their target price on shares of Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Insider Buying and Selling

In related news, major shareholder Summit Partners L. P sold 5,000,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total transaction of $88,550,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ed Hallen sold 98,782 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the sale, the director owned 94,457 shares in the company, valued at $1,934,479.36. This represents a 51.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,176,686 shares of company stock worth $92,104,340 in the last ninety days. Insiders own 37.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KVYO. Optiver Holding B.V. acquired a new stake in Klaviyo during the 1st quarter worth approximately $39,000. Rockefeller Capital Management L.P. increased its position in Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after acquiring an additional 3,090 shares during the period. EverSource Wealth Advisors LLC increased its position in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after acquiring an additional 3,628 shares during the period. Nykredit A S bought a new position in shares of Klaviyo during the second quarter valued at $90,000. Finally, Headlands Technologies LLC bought a new position in shares of Klaviyo during the second quarter valued at $173,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Stock Performance

Klaviyo stock opened at $16.14 on Friday. Klaviyo has a 52 week low of $12.53 and a 52 week high of $34.75. The stock has a market capitalization of $4.59 billion, a P/E ratio of 807.30 and a beta of 0.57. The stock has a fifty day moving average of $17.78 and a 200-day moving average of $17.25.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same period last year, the firm posted $0.16 earnings per share. Klaviyo’s revenue was up 26.4% compared to the same quarter last year. On average, research analysts forecast that Klaviyo will post 0.2 earnings per share for the current year.

Klaviyo Company Profile

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.