Klaviyo, Inc. (NYSE:KVYO) Receives $36.88 Consensus PT from Analysts

Shares of Klaviyo, Inc. (NYSE:KVYO) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.88.

A number of analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Klaviyo in a research report on Tuesday, April 16th. They issued an “overweight” rating and a $31.00 target price for the company. KeyCorp started coverage on Klaviyo in a research note on Thursday, March 21st. They set a “sector weight” rating on the stock. Scotiabank began coverage on Klaviyo in a report on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 price objective on the stock. Piper Sandler restated an “overweight” rating and set a $38.00 target price on shares of Klaviyo in a report on Wednesday, February 28th. Finally, Morgan Stanley reduced their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th.

Klaviyo Stock Performance

KVYO stock opened at $22.48 on Friday. Klaviyo has a 1-year low of $22.02 and a 1-year high of $39.47. The company’s 50 day moving average is $24.75 and its 200 day moving average is $26.94.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $201.62 million for the quarter, compared to analysts’ expectations of $196.02 million. Research analysts forecast that Klaviyo will post -0.27 earnings per share for the current fiscal year.

Insider Transactions at Klaviyo

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

Institutional Trading of Klaviyo

A number of hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. purchased a new stake in shares of Klaviyo during the fourth quarter valued at approximately $25,000. New York State Common Retirement Fund purchased a new stake in Klaviyo during the 3rd quarter valued at $65,000. Skylands Capital LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth $172,000. Moody National Bank Trust Division purchased a new position in shares of Klaviyo in the fourth quarter worth $231,000. Finally, Renaissance Capital LLC purchased a new position in shares of Klaviyo in the fourth quarter worth $341,000. 45.43% of the stock is owned by institutional investors.

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.