Klaviyo (KVYO) Set to Announce Earnings on Wednesday

Klaviyo (NYSE:KVYO) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Klaviyo to post earnings of $0.10 per share for the quarter. Klaviyo has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Klaviyo (NYSE:KVYO) last posted its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $201.62 million for the quarter, compared to the consensus estimate of $196.02 million. On average, analysts expect Klaviyo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Klaviyo Trading Down 0.1 %

Shares of KVYO opened at $22.48 on Monday. Klaviyo has a 52 week low of $22.02 and a 52 week high of $39.47. The stock has a fifty day moving average of $24.75 and a 200-day moving average of $26.94.

Insiders Place Their Bets

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.15, for a total transaction of $85,611.75. Following the transaction, the insider now directly owns 167,127 shares in the company, valued at approximately $4,036,117.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. FBN Securities initiated coverage on shares of Klaviyo in a research report on Wednesday, March 20th. They set an “outperform” rating and a $35.00 target price on the stock. Scotiabank assumed coverage on shares of Klaviyo in a research report on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Wednesday, February 28th. Finally, Piper Sandler reissued an “overweight” rating and issued a $38.00 price objective on shares of Klaviyo in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and an average price target of $36.88.

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.