Klaviyo (NYSE:KVYO) Downgraded to “Hold” Rating by Wall Street Zen

Klaviyo (NYSE:KVYO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the company. Citigroup reduced their target price on Klaviyo from $51.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Canaccord Genuity Group set a $32.00 price target on Klaviyo in a report on Wednesday, February 11th. BTIG Research reduced their price objective on Klaviyo from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of Klaviyo in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price objective on Klaviyo from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Nineteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.24.

Klaviyo Trading Down 0.8%

NYSE:KVYO opened at $19.13 on Friday. The company has a market capitalization of $5.83 billion, a P/E ratio of -159.36 and a beta of 1.28. The firm has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $26.75. Klaviyo has a twelve month low of $15.53 and a twelve month high of $37.79.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Klaviyo had a negative net margin of 2.57% and a positive return on equity of 2.03%. The company had revenue of $350.20 million for the quarter, compared to the consensus estimate of $333.99 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. On average, equities research analysts predict that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In other news, CEO Andrew Bialecki sold 206,827 shares of Klaviyo stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total value of $4,128,266.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ed Hallen sold 117,550 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $30.36, for a total value of $3,568,818.00. Following the completion of the transaction, the director owned 133,624 shares of the company’s stock, valued at $4,056,824.64. The trade was a 46.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,784,479 shares of company stock valued at $44,063,625 over the last quarter. 49.92% of the stock is currently owned by insiders.

Institutional Trading of Klaviyo

A number of hedge funds have recently added to or reduced their stakes in KVYO. Public Sector Pension Investment Board purchased a new stake in Klaviyo in the third quarter valued at approximately $2,403,000. Barton Investment Management purchased a new position in Klaviyo during the third quarter worth approximately $10,937,000. JPMorgan Chase & Co. boosted its holdings in shares of Klaviyo by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company’s stock valued at $52,828,000 after purchasing an additional 214,977 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Klaviyo by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock valued at $354,092,000 after purchasing an additional 2,059,550 shares during the last quarter. Finally, Sands Capital Management LLC grew its stake in shares of Klaviyo by 14.0% during the 2nd quarter. Sands Capital Management LLC now owns 1,109,069 shares of the company’s stock valued at $37,243,000 after buying an additional 136,320 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

About Klaviyo

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.