Morgan Stanley Upgrades Klaviyo (NYSE:KVYO) to “Overweight”

Klaviyo (NYSE:KVYO) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a $50.00 price target on the stock, up from their previous price target of $40.00. Morgan Stanley’s price target suggests a potential upside of 41.88% from the stock’s previous close.

Several other research firms also recently weighed in on KVYO. Citigroup raised shares of Klaviyo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Thursday, August 7th. Stifel Nicolaus lowered their price target on shares of Klaviyo from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Macquarie reissued a “neutral” rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Benchmark boosted their price target on shares of Klaviyo from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Nineteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.45.

Klaviyo Stock Performance

NYSE KVYO opened at $35.24 on Friday. Klaviyo has a 52-week low of $23.77 and a 52-week high of $49.55. The company has a market capitalization of $10.57 billion, a P/E ratio of -140.96 and a beta of 1.36. The company has a fifty day moving average of $32.08 and a 200-day moving average of $32.04.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The company had revenue of $293.12 million during the quarter, compared to the consensus estimate of $275.97 million. During the same period in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Klaviyo

In related news, major shareholder Summit Partners L. P sold 4,000,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $31.87, for a total transaction of $127,480,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Bialecki sold 226,382 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $32.35, for a total transaction of $7,323,457.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,077,413 shares of company stock valued at $161,623,703 over the last three months. 49.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently bought and sold shares of KVYO. TFC Financial Management Inc. bought a new stake in Klaviyo during the first quarter worth about $27,000. CWM LLC lifted its stake in shares of Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after buying an additional 646 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Klaviyo in the second quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Klaviyo in the second quarter worth approximately $37,000. Finally, State of Wyoming bought a new position in shares of Klaviyo in the first quarter worth approximately $42,000. Institutional investors own 45.43% of the company’s stock.

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.