Klaviyo (KVYO) to Release Earnings on Wednesday

Klaviyo (NYSE:KVYO) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Klaviyo to post earnings of $0.11 per share for the quarter. Klaviyo has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to the consensus estimate of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The company’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. On average, analysts expect Klaviyo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Klaviyo Price Performance

Shares of KVYO opened at $39.47 on Tuesday. Klaviyo has a one year low of $21.26 and a one year high of $40.08. The business’s 50 day simple moving average is $34.80 and its 200-day simple moving average is $28.36.

Insider Activity at Klaviyo

In other news, major shareholder Summit Partners L. P sold 242,601 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $31.78, for a total value of $7,709,859.78. The sale was disclosed in a filing with the SEC, which is available at this link. In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Summit Partners L. P sold 242,601 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $31.78, for a total transaction of $7,709,859.78. The disclosure for this sale can be found here. Insiders have sold a total of 871,477 shares of company stock valued at $27,610,861 over the last 90 days. 53.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on KVYO shares. KeyCorp upgraded shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price for the company in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of Klaviyo in a research note on Thursday, October 24th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a research note on Wednesday, September 4th. Piper Sandler increased their price objective on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Cantor Fitzgerald raised their target price on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.29.

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.