Klaviyo (NYSE:KVYO) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Klaviyo (NYSE:KVYO) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $40.00 price objective on the stock.

KVYO has been the subject of a number of other research reports. Benchmark upped their price objective on Klaviyo from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Robert W. Baird dropped their price objective on Klaviyo from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Stephens dropped their price objective on Klaviyo from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Cantor Fitzgerald upgraded Klaviyo to an “overweight” rating and set a $48.00 price objective for the company in a report on Tuesday, June 3rd. Finally, TD Cowen upped their price objective on Klaviyo from $45.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and an average price target of $44.30.

Klaviyo Price Performance

Shares of KVYO stock opened at $25.95 on Tuesday. The stock’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $31.89. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of -103.79 and a beta of 1.26. Klaviyo has a one year low of $23.77 and a one year high of $49.55.

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

Insider Buying and Selling

In related news, Director Ed Hallen sold 89,748 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the completion of the transaction, the director directly owned 177,776 shares of the company’s stock, valued at approximately $5,637,276.96. This represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders sold 5,425,995 shares of company stock valued at $173,076,628. 49.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Main Management ETF Advisors LLC boosted its position in Klaviyo by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock valued at $763,000 after purchasing an additional 372 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Klaviyo by 22.7% in the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock valued at $83,000 after buying an additional 506 shares during the period. CWM LLC raised its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after buying an additional 646 shares during the period. Cabot Wealth Management Inc. raised its stake in Klaviyo by 1.0% in the first quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company’s stock valued at $2,727,000 after buying an additional 854 shares during the period. Finally, California State Teachers Retirement System raised its stake in Klaviyo by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company’s stock valued at $2,062,000 after buying an additional 864 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Company Profile

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.