Klaviyo (NYSE:KVYO) Price Target Cut to $43.00 by Analysts at Stephens

Klaviyo (NYSE:KVYO) had its price objective cut by Stephens from $45.00 to $43.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Zacks Research raised Klaviyo to a “strong sell” rating in a report on Friday, August 8th. Stifel Nicolaus lowered their price target on Klaviyo from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Macquarie reaffirmed a “neutral” rating and set a $37.00 price target on shares of Klaviyo in a report on Wednesday, August 6th. Finally, Morgan Stanley raised Klaviyo from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $50.00 in a report on Friday, September 19th. Nineteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Klaviyo Trading Down 2.7%

Klaviyo stock opened at $31.64 on Friday. The business’s fifty day simple moving average is $32.31 and its two-hundred day simple moving average is $32.05. Klaviyo has a 12 month low of $23.77 and a 12 month high of $49.55. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of -126.54 and a beta of 1.36.

Klaviyo (NYSE:KVYO) last released its earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The business had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts predict that Klaviyo will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In related news, major shareholder Summit Partners L. P sold 4,000,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $31.87, for a total transaction of $127,480,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ledger Susan St. sold 3,413 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.20, for a total value of $109,898.60. Following the sale, the director owned 10,939 shares of the company’s stock, valued at approximately $352,235.80. This trade represents a 23.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,288,771 shares of company stock valued at $169,116,344 in the last 90 days. 49.92% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

A number of hedge funds have recently bought and sold shares of KVYO. Cooper Creek Partners Management LLC purchased a new stake in Klaviyo in the second quarter worth about $57,109,000. Norges Bank purchased a new stake in Klaviyo in the second quarter worth about $52,629,000. American Century Companies Inc. increased its position in Klaviyo by 123.4% in the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after buying an additional 1,483,427 shares in the last quarter. Fiera Capital Corp purchased a new stake in Klaviyo in the second quarter worth about $42,645,000. Finally, JPMorgan Chase & Co. increased its position in Klaviyo by 105.1% in the second quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company’s stock worth $56,846,000 after buying an additional 867,666 shares in the last quarter. Hedge funds and other 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.