Klaviyo (NYSE:KVYO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Klaviyo (NYSE:KVYO) from a buy rating to a hold rating in a report released on Saturday morning.

Other equities analysts have also issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price target (down from $50.00) on shares of Klaviyo in a research note on Thursday, November 6th. KeyCorp decreased their target price on Klaviyo from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Macquarie lowered their target price on Klaviyo from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Stifel Nicolaus cut their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Truist Financial set a $45.00 price objective on shares of Klaviyo in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.90.

Klaviyo Trading Up 3.2%

Klaviyo stock opened at $30.43 on Friday. Klaviyo has a 52 week low of $23.44 and a 52 week high of $49.55. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of -126.80 and a beta of 1.18. The company’s 50-day moving average price is $26.98 and its two-hundred day moving average price is $30.73.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.16 earnings per share for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The company had revenue of $293.12 million during the quarter. Research analysts expect that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Klaviyo

In other Klaviyo news, CEO Andrew Bialecki sold 226,382 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $32.35, for a total transaction of $7,323,457.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ed Hallen sold 89,748 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $31.71, for a total value of $2,845,909.08. Following the completion of the sale, the director directly owned 177,776 shares of the company’s stock, valued at approximately $5,637,276.96. This trade represents a 33.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,525,415 shares of company stock worth $44,753,234. Corporate insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Klaviyo in the second quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after buying an additional 908 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Klaviyo in the 2nd quarter worth approximately $37,000. State of Wyoming acquired a new stake in shares of Klaviyo during the 1st quarter valued at $42,000. Finally, Quarry LP purchased a new position in shares of Klaviyo during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors 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.