Klaviyo (NYSE:KVYO) Earns Neutral Rating from Macquarie

Klaviyo (NYSE:KVYO)‘s stock had its “neutral” rating reissued by analysts at Macquarie in a report released on Friday,Benzinga reports. They currently have a $36.00 price objective on the stock. Macquarie’s price target would suggest a potential upside of 7.95% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their price objective on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC upped their price target on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler upped their price target on Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Barclays increased their target price on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Klaviyo Trading Down 1.3 %

Shares of NYSE:KVYO traded down $0.43 during trading on Friday, reaching $33.35. The stock had a trading volume of 2,299,979 shares, compared to its average volume of 895,890. The company has a market capitalization of $8.89 billion, a P/E ratio of -185.27 and a beta of 1.13. The firm’s 50-day simple moving average is $35.21 and its 200 day simple moving average is $28.66. Klaviyo has a one year low of $21.26 and a one year high of $41.00.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.87% and a negative net margin of 5.23%. The firm had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. During the same quarter last year, the business posted ($1.24) earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts forecast that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the completion of the transaction, the chief financial officer now directly owns 422,813 shares in the company, valued at approximately $12,566,002.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the transaction, the chief financial officer now owns 422,813 shares of the company’s stock, valued at approximately $12,566,002.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 789,711 shares of company stock worth $25,143,646. 53.24% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its position in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the last quarter. Pier 88 Investment Partners LLC acquired a new position in Klaviyo in the 3rd quarter valued at about $966,000. Victory Capital Management Inc. purchased a new position in Klaviyo in the 3rd quarter valued at $208,000. Aigen Investment Management LP acquired a new stake in Klaviyo in the third quarter valued at about $335,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Klaviyo in the 3rd quarter valued at approximately $5,513,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.