Klaviyo (NYSE:KVYO) Price Target Raised to $54.00 at Stifel Nicolaus

Klaviyo (NYSE:KVYO) had its price objective increased by Stifel Nicolaus from $45.00 to $54.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on KVYO. Piper Sandler upped their target price on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC upped their target price on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday. Loop Capital upped their target price on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their target price on Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Scotiabank upped their target price on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Five 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

Klaviyo Price Performance

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

Klaviyo (NYSE:KVYO) last posted its earnings results 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 negative net margin of 4.92% and a positive return on equity of 0.90%. The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Equities research analysts anticipate that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now owns 298,607 shares of the company’s stock, valued at approximately $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 sold a total of 114,536 shares of company stock worth $4,720,953 in the last ninety days. Insiders own 53.24% of the company’s stock.

Institutional Trading of Klaviyo

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Advisors Asset Management Inc. increased its holdings in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after purchasing an additional 818 shares in the last quarter. West Tower Group LLC acquired a new stake in Klaviyo in the 3rd quarter valued at $177,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Klaviyo in the 4th quarter valued at $196,000. 45.43% of the stock is currently 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.