Klaviyo (NYSE:KVYO) Earns Neutral Rating from Analysts at Macquarie

Macquarie started coverage on shares of Klaviyo (NYSE:KVYO) in a research note published on Thursday, Marketbeat reports. The brokerage issued a neutral rating and a $36.00 target price on the stock.

A number of other brokerages have also recently commented on KVYO. Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of Klaviyo in a research note on Thursday, October 24th. Stifel Nicolaus began coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Barclays raised their price objective on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Cantor Fitzgerald raised their price objective on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.29.

Klaviyo Stock Up 2.4 %

Shares of Klaviyo stock traded up $0.93 during midday trading on Thursday, hitting $38.96. The company had a trading volume of 140,324 shares, compared to its average volume of 1,114,995. The stock has a market cap of $10.39 billion and a price-to-earnings ratio of -26.96. The company has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $28.06. Klaviyo has a 12-month low of $21.26 and a 12-month high of $39.92.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The company had revenue of $222.21 million for the quarter, compared to the consensus estimate of $212.34 million. During the same quarter in the prior year, the company earned $0.09 EPS. Klaviyo’s quarterly revenue was up 35.0% on a year-over-year basis. As a group, analysts expect that Klaviyo will post -0.01 EPS for the current year.

Insider Buying and Selling

In other news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total value of $673,659.66. Following the transaction, the president now directly owns 192,488 shares in the company, valued at $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Klaviyo news, CFO Amanda Whalen sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.23, for a total transaction of $1,813,800.00. Following the completion of the sale, the chief financial officer now owns 435,993 shares in the company, valued at $13,180,068.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the sale, the president now owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 871,477 shares of company stock worth $27,610,861. 53.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds have recently bought and sold shares of KVYO. Janus Henderson Group PLC acquired a new position in shares of Klaviyo in the 1st quarter worth approximately $662,000. Swiss National Bank bought a new stake in shares of Klaviyo in the 1st quarter worth approximately $1,776,000. Blair William & Co. IL lifted its holdings in shares of Klaviyo by 1,234.0% in the 1st quarter. Blair William & Co. IL now owns 175,531 shares of the company’s stock worth $4,473,000 after purchasing an additional 162,373 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Klaviyo in the 2nd quarter worth approximately $747,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of Klaviyo by 1.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock worth $56,201,000 after purchasing an additional 31,587 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Company Profile

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.