Klaviyo (NYSE:KVYO) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Klaviyo (NYSE:KVYO) in a research note published on Friday morning,Benzinga reports. They currently have a $45.00 target price on the stock.

Other analysts have also issued reports about the company. Wall Street Zen lowered Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Benchmark upped their price target on Klaviyo from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Macquarie reiterated a “neutral” rating and set a $37.00 price target on shares of Klaviyo in a report on Wednesday, August 6th. Zacks Research upgraded Klaviyo to a “strong sell” rating in a report on Friday, August 8th. Finally, Piper Sandler upped their target price on shares of Klaviyo from $40.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Nineteen 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.30.

Klaviyo Trading Down 2.7%

Shares of KVYO stock opened at $31.64 on Friday. The firm has a market capitalization of $9.49 billion, a PE ratio of -126.54 and a beta of 1.36. The firm has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $32.05. Klaviyo has a 12 month low of $23.77 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $293.12 million during the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. Klaviyo’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $31.87, for a total value of $127,480,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of Klaviyo stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The disclosure for this sale can be found here. Insiders have sold 5,288,771 shares of company stock worth $169,116,344 over the last ninety days. Company insiders own 49.92% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after acquiring an additional 746,078 shares during the last quarter. Encompass More Asset Management bought a new stake in Klaviyo in the first quarter worth $549,000. Raymond James Financial Inc. lifted its stake in Klaviyo by 85.4% in the first quarter. Raymond James Financial Inc. now owns 545,159 shares of the company’s stock worth $16,497,000 after purchasing an additional 251,104 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Klaviyo by 27.7% in the 1st quarter. WCM Investment Management LLC now owns 390,119 shares of the company’s stock valued at $12,101,000 after acquiring an additional 84,715 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Klaviyo in the 1st quarter valued at about $3,249,000. 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.