Klaviyo (KVYO) to Release Quarterly Earnings on Wednesday

Klaviyo (NYSE:KVYO) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Klaviyo has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $201.62 million for the quarter, compared to analysts’ expectations of $196.02 million. On average, analysts expect Klaviyo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Klaviyo Stock Down 0.1 %

Shares of Klaviyo stock opened at $22.48 on Monday. Klaviyo has a twelve month low of $22.02 and a twelve month high of $39.47. The firm’s 50-day moving average price is $24.75 and its 200 day moving average price is $26.94.

Insider Buying and Selling at Klaviyo

In related news, insider Landon Edmond sold 3,545 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the completion of the transaction, the insider now owns 167,127 shares in the company, valued at approximately $4,036,117.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

A number of research firms have weighed in on KVYO. Piper Sandler reissued an “overweight” rating and set a $38.00 price objective on shares of Klaviyo in a research note on Wednesday, February 28th. The Goldman Sachs Group upgraded Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, February 5th. Barclays cut their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, January 12th. Morgan Stanley lowered their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, William Blair reiterated an “outperform” rating on shares of Klaviyo in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.88.

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.