Klaviyo’s (KVYO) Outperform Rating Reiterated at William Blair

William Blair reissued their outperform rating on shares of Klaviyo (NYSE:KVYO) in a research note issued to investors on Thursday morning,RTT News reports.

A number of other brokerages have also recently weighed in on KVYO. Barclays increased their target price on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. KeyCorp increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Needham & Company LLC raised their target price on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Robert W. Baird raised their price target on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.69.

Klaviyo Stock Up 3.0 %

Shares of Klaviyo stock opened at $44.08 on Thursday. The business has a 50-day moving average price of $38.09 and a 200 day moving average price of $31.81. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $44.77. The firm has a market cap of $11.89 billion, a P/E ratio of -244.88 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.24) EPS. As a group, equities research analysts anticipate that Klaviyo will post 0.03 earnings per share 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 that occurred on Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $1,382,400.00. Following the sale, the insider now directly owns 236,621 shares in the company, valued at approximately $8,177,621.76. The trade was a 14.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,650 shares of company stock worth $4,676,705 over the last ninety days. 53.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Klaviyo

Several institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Klaviyo in the 3rd quarter worth approximately $53,000. West Tower Group LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo during the third quarter valued at approximately $208,000. Finally, SG Americas Securities LLC bought a new stake in Klaviyo during the second quarter worth approximately $236,000. 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.