Klaviyo (NYSE:KVYO) Now Covered by Analysts at Stephens

Equities research analysts at Stephens assumed coverage on shares of Klaviyo (NYSE:KVYO) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $43.00 price target on the stock. Stephens’ target price would indicate a potential upside of 30.94% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Mizuho upped their target price on shares of Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Cantor Fitzgerald increased their price objective on shares of Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Needham & Company LLC increased their price objective on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Benchmark increased their price objective on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus increased their price objective on shares of Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Klaviyo Trading Down 0.3 %

Shares of NYSE KVYO opened at $32.84 on Wednesday. The firm has a market cap of $8.97 billion, a PE ratio of -182.44 and a beta of 0.86. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55. The company has a fifty day moving average price of $41.36 and a 200 day moving average price of $38.64.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. Equities research analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total transaction of $64,880,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $39.18, for a total transaction of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,351,507.60. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,126,246 shares of company stock valued at $69,799,958 in the last three months. 53.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Whale Rock Capital Management LLC grew its position in shares of Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares in the last quarter. Focus Partners Wealth bought a new position in Klaviyo in the fourth quarter valued at approximately $38,870,000. D. E. Shaw & Co. Inc. increased its stake in Klaviyo by 195.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company’s stock valued at $54,034,000 after acquiring an additional 866,749 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Klaviyo in the fourth quarter valued at approximately $30,851,000. Finally, Ameriprise Financial Inc. increased its stake in Klaviyo by 229.5% in the fourth quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company’s stock valued at $40,507,000 after acquiring an additional 684,026 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.