Zacks Research Upgrades Klaviyo (NYSE:KVYO) to “Strong-Buy”

Klaviyo (NYSE:KVYO) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on KVYO. William Blair restated an “outperform” rating on shares of Klaviyo in a report on Monday, November 17th. Weiss Ratings started coverage on shares of Klaviyo in a research note on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Klaviyo in a research note on Thursday, November 6th. Stifel Nicolaus decreased their price objective 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, BTIG Research started coverage on Klaviyo in a report on Monday, December 15th. They set a “buy” rating and a $40.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.95.

Klaviyo Trading Down 9.8%

Shares of NYSE:KVYO opened at $29.29 on Wednesday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of -122.03 and a beta of 1.08. Klaviyo has a 1 year low of $23.44 and a 1 year high of $49.55. The business has a fifty day simple moving average of $29.18 and a 200 day simple moving average of $30.42.

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

Insider Transactions at Klaviyo

In related news, Director Ed Hallen sold 117,550 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $30.36, for a total transaction of $3,568,818.00. Following the completion of the transaction, the director owned 133,624 shares of the company’s stock, valued at approximately $4,056,824.64. The trade was a 46.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Bialecki sold 163,331 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $24.37, for a total value of $3,980,376.47. The disclosure for this sale is available in the SEC filing. Insiders sold 1,565,901 shares of company stock worth $44,471,874 over the last quarter. 49.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Klaviyo during the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after buying an additional 908 shares during the period. First Horizon Advisors Inc. acquired a new stake in Klaviyo during the second quarter worth about $37,000. FNY Investment Advisers LLC bought a new position in Klaviyo during the third quarter valued at about $34,000. Finally, State of Wyoming acquired a new position in Klaviyo in the 1st quarter valued at approximately $42,000. Institutional investors own 45.43% of the company’s stock.

About Klaviyo

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.