Brokerages Set Klaviyo, Inc. (NYSE:KVYO) Target Price at $34.24

Shares of Klaviyo, Inc. (NYSE:KVYO) have earned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.2381.

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Klaviyo from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Benchmark decreased their price target on Klaviyo from $46.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 9th. 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 note on Wednesday, February 11th. Robert W. Baird set a $34.00 target price on Klaviyo in a research report on Wednesday, February 11th. Finally, KeyCorp decreased their target price on Klaviyo from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th.

Klaviyo Trading Up 0.1%

NYSE KVYO opened at $19.16 on Friday. Klaviyo has a 12 month low of $15.53 and a 12 month high of $37.79. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of -159.65 and a beta of 0.86. The company’s 50 day moving average is $19.55 and its two-hundred day moving average is $25.30.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $350.20 million during the quarter, compared to analyst estimates of $333.99 million. Klaviyo had a negative net margin of 2.57% and a positive return on equity of 2.03%. The company’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. Sell-side analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, CEO Andrew Bialecki sold 206,827 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total transaction of $4,128,266.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,892,230 shares of company stock worth $40,406,830 over the last three months. 49.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC raised its position in Klaviyo by 3.4% during the third quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock valued at $316,000 after purchasing an additional 372 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Klaviyo by 5.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,312 shares of the company’s stock worth $258,000 after purchasing an additional 469 shares during the period. Pathstone Holdings LLC increased its position in shares of Klaviyo by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock valued at $4,816,000 after purchasing an additional 858 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after buying an additional 908 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Klaviyo by 29.5% during the 4th quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company’s stock valued at $135,000 after buying an additional 951 shares during the period. 45.43% of the stock is currently owned by institutional investors.

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.