Klaviyo (KVYO) to Release Earnings on Wednesday

Klaviyo (NYSE:KVYO) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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 interested in listening to the company’s earnings conference call can do so using this link.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. Klaviyo’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. 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 0.4 %

Shares of NYSE KVYO opened at $39.47 on Tuesday. Klaviyo has a 1 year low of $21.26 and a 1 year high of $40.08. The business has a 50-day moving average of $34.80 and a two-hundred day moving average of $28.36.

Insider Transactions at Klaviyo

In related news, President Stephen Eric Rowland sold 18,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other Klaviyo news, 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 transaction of $673,659.66. Following the sale, the president now owns 192,488 shares in the company, valued at approximately $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Summit Partners L. P sold 1,300 shares of Klaviyo stock in a transaction on Friday, August 30th. The stock was sold at an average price of $31.64, for a total transaction of $41,132.00. The disclosure for this sale can be found here. Insiders sold 871,477 shares of company stock worth $27,610,861 over the last quarter. Corporate insiders own 53.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KVYO shares. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research note on Wednesday, September 4th. Barclays boosted their price objective on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird boosted their price objective on Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Cantor Fitzgerald upped their target price on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.29.

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.