Klaviyo, Inc. (NYSE:KVYO – Get Free Report)’s stock price reached a new 52-week low on Thursday after Morgan Stanley lowered their price target on the stock from $37.00 to $32.00. Morgan Stanley currently has an equal weight rating on the stock. Klaviyo traded as low as $22.71 and last traded at $22.95, with a volume of 637391 shares trading hands. The stock had previously closed at $23.29.
A number of other research analysts have also issued reports on KVYO. KeyCorp began coverage on Klaviyo in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. FBN Securities started coverage on Klaviyo in a report on Wednesday, March 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research report on Wednesday, February 28th. The Goldman Sachs Group raised shares of Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, February 5th. Finally, Cantor Fitzgerald started coverage on Klaviyo in a research note on Tuesday. They issued an “overweight” rating and a $31.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.88.
Check Out Our Latest Research Report on KVYO
Insider Buying and Selling
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Klaviyo during the 3rd quarter worth approximately $5,047,000. Hudson Bay Capital Management LP acquired a new stake in Klaviyo in the third quarter valued at $690,000. Summit Partners L P acquired a new position in shares of Klaviyo during the 3rd quarter worth $1,708,162,000. FMR LLC purchased a new position in shares of Klaviyo in the 3rd quarter valued at about $34,203,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $5,111,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.
Klaviyo Trading Down 1.3 %
The business’s fifty day moving average is $26.34 and its 200 day moving average is $27.79.
Klaviyo (NYSE:KVYO – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $201.62 million for the quarter, compared to analysts’ expectations of $196.02 million. As a group, analysts forecast that Klaviyo, Inc. will post -0.27 EPS for the current year.
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.
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