Klaviyo (NYSE:KVYO) Price Target Raised to $54.00 at Robert W. Baird

Klaviyo (NYSE:KVYO) had its price target hoisted by stock analysts at Robert W. Baird from $52.00 to $54.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 28.11% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Loop Capital boosted their price target on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report 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. Cantor Fitzgerald lifted their price objective on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Citigroup upped their price objective on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Macquarie restated a “neutral” rating and set a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.06.

Klaviyo Stock Down 10.3 %

Shares of KVYO stock opened at $42.15 on Thursday. The firm has a market capitalization of $11.37 billion, a PE ratio of -233.86 and a beta of 0.60. The company has a 50 day moving average price of $43.56 and a 200-day moving average price of $37.75. Klaviyo has a 52 week low of $21.26 and a 52 week high of $49.55.

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). The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. Analysts anticipate that Klaviyo will post 0.03 earnings per share for the current year.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 $17,277,197. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the transaction, the president now directly owns 260,403 shares of the company’s stock, valued at $10,426,536.12. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,536 shares of company stock valued at $4,720,953 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Klaviyo by 76.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock worth $4,338,000 after acquiring an additional 45,523 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Klaviyo by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company’s stock valued at $38,058,000 after purchasing an additional 125,352 shares during the last quarter. Washington Harbour Partners LP acquired a new position in shares of Klaviyo in the fourth quarter valued at approximately $1,794,000. Whale Rock Capital Management LLC grew its position in Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock valued at $159,535,000 after buying an additional 267,845 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Klaviyo in the 4th quarter valued at $2,099,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.