Klaviyo (NYSE:KVYO) Given New $54.00 Price Target at Cantor Fitzgerald

Klaviyo (NYSE:KVYO) had its price target increased by Cantor Fitzgerald from $47.00 to $54.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Loop Capital increased their price target on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Needham & Company LLC increased their price target on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group increased their price target on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, KeyCorp increased their price target on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Klaviyo Trading Down 5.9 %

Shares of Klaviyo stock opened at $44.23 on Thursday. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55. The business’s 50 day moving average is $43.66 and its 200-day moving average is $37.80.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.90% and a negative net margin of 4.92%. The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, equities research analysts expect that Klaviyo will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 1,050 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $40.07, for a total value of $42,073.50. Following the sale, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at $15,852,333.12. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now directly owns 298,607 shares in the company, valued at $12,481,772.60. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,536 shares of company stock valued at $4,720,953 over the last ninety days. 53.24% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

Hedge funds have recently made changes to their positions in the company. Lisanti Capital Growth LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $5,513,000. Pier 88 Investment Partners LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $966,000. SpiderRock Advisors LLC boosted its stake in shares of Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $5,113,000. Finally, Renaissance Capital LLC boosted its stake in shares of Klaviyo by 56.4% during the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock valued at $5,058,000 after purchasing an additional 44,245 shares in the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

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.