Klaviyo’s (KVYO) Neutral Rating Reaffirmed at Macquarie

Klaviyo (NYSE:KVYO)‘s stock had its “neutral” rating reiterated by research analysts at Macquarie in a research note issued on Friday,Benzinga reports. They presently have a $36.00 target price on the stock. Macquarie’s price target would suggest a potential upside of 8.08% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler increased their target price on shares of Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Robert W. Baird upped their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays lifted their price objective on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Needham & Company LLC increased their target price on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Klaviyo Stock Down 1.4 %

Shares of KVYO traded down $0.47 during trading hours on Friday, reaching $33.31. The company’s stock had a trading volume of 2,000,976 shares, compared to its average volume of 1,160,848. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of -23.63 and a beta of 1.13. The company has a 50 day moving average of $35.12 and a two-hundred day moving average of $28.55. Klaviyo has a 1-year low of $21.26 and a 1-year high of $41.00.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The business had revenue of $222.21 million for the quarter, compared to analysts’ expectations of $212.34 million. During the same period in the previous year, the company posted $0.09 EPS. Klaviyo’s revenue was up 35.0% on a year-over-year basis. As a group, analysts forecast that Klaviyo will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now owns 192,488 shares in the company, valued at approximately $6,096,094.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $31.67, for a total value of $573,670.38. Following the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at $6,096,094.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amanda Whalen sold 10,000 shares of Klaviyo stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.36, for a total value of $353,600.00. Following the completion of the sale, the chief financial officer now owns 422,813 shares of the company’s stock, valued at approximately $14,950,667.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 789,711 shares of company stock valued at $25,143,646 over the last ninety days. 53.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVYO. nVerses Capital LLC bought a new stake in Klaviyo during the third quarter worth $53,000. EntryPoint Capital LLC purchased a new stake in Klaviyo during the first quarter worth about $71,000. Victory Capital Management Inc. bought a new stake in shares of Klaviyo in the third quarter valued at $208,000. William Marsh Rice University purchased a new position in shares of Klaviyo during the 3rd quarter valued at $245,000. Finally, Creative Planning bought a new position in shares of Klaviyo during the 3rd quarter worth $254,000. Institutional investors own 45.43% of the company’s stock.

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.