Klaviyo (NYSE:KVYO) Given New $40.00 Price Target at Mizuho

Klaviyo (NYSE:KVYO) had its price target reduced by stock analysts at Mizuho from $52.00 to $40.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 51.63% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Piper Sandler boosted their price target on Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Cantor Fitzgerald boosted their price target on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Stifel Nicolaus lifted their price objective on Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Barclays increased their target price on Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley boosted their target price on shares of Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.22.

Klaviyo Stock Down 2.7 %

Shares of NYSE:KVYO opened at $26.38 on Tuesday. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The firm’s 50-day simple moving average is $36.19 and its 200-day simple moving average is $38.33. The company has a market cap of $7.20 billion, a price-to-earnings ratio of -146.56 and a beta of 1.39.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. On average, research analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Transactions at Klaviyo

In other news, major shareholder Jeff Fagnan bought 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of $25.77 per share, with a total value of $100,503.00. Following the completion of the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at $100,503. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated 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 owns 376,820 shares in the company, valued at approximately $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,086,246 shares of company stock worth $67,940,758. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Klaviyo in the 4th quarter worth $374,000. Handelsbanken Fonder AB acquired a new stake in shares of Klaviyo during the fourth quarter valued at approximately $689,000. Telemark Asset Management LLC purchased a new stake in shares of Klaviyo in the 4th quarter valued at approximately $4,124,000. Renaissance Capital LLC grew its position in Klaviyo by 56.4% during the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after purchasing an additional 44,245 shares in the last quarter. Finally, Barclays PLC grew its position in Klaviyo by 1,202.0% during the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after purchasing an additional 11,840 shares in the last quarter. 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.