Klaviyo (NYSE:KVYO) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Klaviyo (NYSE:KVYO) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. KeyCorp reduced their target price on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Macquarie cut their price objective on Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Benchmark restated a “buy” rating on shares of Klaviyo in a report on Tuesday, November 4th. Weiss Ratings assumed coverage on Klaviyo in a report on Saturday, November 1st. They set a “sell (d-)” rating for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target (down previously from $50.00) on shares of Klaviyo in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.76.

Klaviyo Stock Down 0.5%

NYSE:KVYO opened at $22.21 on Thursday. The business’s 50-day moving average price is $28.67 and its 200 day moving average price is $29.43. The firm has a market cap of $6.71 billion, a P/E ratio of -92.54 and a beta of 1.08. Klaviyo has a 52-week low of $22.03 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $310.88 million during the quarter, compared to the consensus estimate of $299.93 million. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. Klaviyo’s revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts expect that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In other news, CFO Amanda Whalen sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $25.83, for a total value of $361,620.00. Following the transaction, the chief financial officer owned 442,219 shares in the company, valued at $11,422,516.77. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Landon Edmond sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $25.83, for a total transaction of $258,300.00. Following the completion of the sale, the insider directly owned 343,882 shares of the company’s stock, valued at $8,882,472.06. This trade represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,862,901 shares of company stock valued at $52,846,182. Corporate insiders own 49.92% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Klaviyo by 12.3% in the 4th quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock valued at $466,319,000 after buying an additional 1,573,812 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Klaviyo by 8.6% in the third quarter. Alliancebernstein L.P. now owns 4,806,677 shares of the company’s stock valued at $133,097,000 after acquiring an additional 382,428 shares during the last quarter. Sands Capital Alternatives LLC grew its position in Klaviyo by 2.1% in the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company’s stock worth $118,036,000 after acquiring an additional 71,550 shares in the last quarter. Federated Hermes Inc. grew its position in Klaviyo by 9.0% in the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company’s stock worth $97,752,000 after acquiring an additional 241,207 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Klaviyo by 123.4% during the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after purchasing an additional 1,483,427 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.