KeyCorp Cuts Klaviyo (NYSE:KVYO) Price Target to $29.00

Klaviyo (NYSE:KVYO) had its price objective reduced by KeyCorp from $35.00 to $29.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. BTIG Research dropped their target price on Klaviyo from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen upgraded shares of Klaviyo from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. The Goldman Sachs Group set a $26.00 price objective on shares of Klaviyo and gave the stock a “buy” rating in a report on Wednesday, June 24th. Citigroup boosted their target price on shares of Klaviyo from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Piper Sandler reduced their target price on shares of Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.14.

Klaviyo Stock Down 0.3%

Shares of KVYO opened at $16.68 on Thursday. The company has a market capitalization of $4.99 billion, a P/E ratio of 834.57 and a beta of 0.54. The firm has a 50 day moving average of $16.24 and a 200 day moving average of $17.93. Klaviyo has a twelve month low of $12.53 and a twelve month high of $36.22.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, sell-side analysts expect that Klaviyo will post 0.25 EPS for the current year.

Insider Activity at Klaviyo

In other news, CEO Andrew Bialecki sold 212,529 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the completion of the transaction, the chief executive officer directly owned 212,529 shares in the company, valued at approximately $3,105,048.69. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of Klaviyo stock in a transaction on Monday, May 18th. The stock was sold at an average price of $14.27, for a total transaction of $133,196.18. Following the completion of the transaction, the director directly owned 10,939 shares of the company’s stock, valued at $156,099.53. The trade was a 46.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 649,863 shares of company stock valued at $9,521,105. Corporate insiders own 37.42% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC lifted its position in Klaviyo by 3.4% in the third quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock worth $316,000 after buying an additional 372 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Klaviyo by 0.5% during the third quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock worth $4,816,000 after buying an additional 858 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after acquiring an additional 908 shares during the last quarter. Advisors Asset Management Inc. increased its position in Klaviyo by 29.5% during the fourth quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company’s stock valued at $135,000 after acquiring an additional 951 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Klaviyo by 1.2% in the third quarter. Squarepoint Ops LLC now owns 95,394 shares of the company’s stock valued at $2,641,000 after acquiring an additional 1,104 shares during the period. 45.43% of the stock is owned by institutional investors.

More Klaviyo News

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Klaviyo reported second-quarter earnings of $0.19 per share, matching expectations and improving from $0.16 a year earlier. Revenue reached $370.6 million, exceeding the $362.1 million consensus estimate and rising 26.4% year over year. Klaviyo Meets Q2 Earnings Estimates
• Positive Sentiment: The company projected 2026 revenue of approximately $1.526 billion to $1.534 billion while integrating its Agency acquisition, signaling continued growth despite the added execution demands. Klaviyo 2026 Revenue Outlook
• Positive Sentiment: Investors are also focusing on Klaviyo’s new AI product leadership and related product initiatives, which could improve automation capabilities, customer engagement and long-term growth prospects. Klaviyo’s New AI Product Leadership
• Neutral Sentiment: Several analysts retained bullish ratings, including overweight or buy recommendations. Stephens raised its target to $25, while Wells Fargo, Stifel, Piper Sandler, BTIG and KeyCorp continue to see substantial upside despite reducing or resetting their targets.
• Negative Sentiment: Multiple firms lowered their price targets following the earnings report: Wells Fargo to $22, Stifel to $22, Piper Sandler to $23, BTIG to $25 and KeyCorp to $29. The cuts suggest analysts remain constructive but have moderated expectations or valuation assumptions.
• Negative Sentiment: Klaviyo declined alongside much of the software sector after earnings, indicating that broader risk-off sentiment and investor concerns about software valuations may be outweighing the company’s revenue beat and AI narrative. Software Sector Weakness After Earnings

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.