Klaviyo (NYSE:KVYO) Reaches New 52-Week Low at $22.12

Klaviyo, Inc. (NYSE:KVYO) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $22.12 and last traded at $22.68, with a volume of 117632 shares changing hands. The stock had previously closed at $22.89.

Analyst Ratings Changes

Several analysts have commented on KVYO shares. Piper Sandler reissued an “overweight” rating and issued a $38.00 price objective on shares of Klaviyo in a report on Wednesday, February 28th. Scotiabank started coverage on Klaviyo in a report on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 price objective on the stock. Barclays dropped their price objective on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, January 12th. Cantor Fitzgerald assumed coverage on Klaviyo in a research report on Tuesday, April 16th. They issued an “overweight” rating and a $31.00 target price on the stock. Finally, The Goldman Sachs Group upgraded Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.88.

Klaviyo Stock Performance

The stock has a 50-day moving average of $25.39 and a 200 day moving average of $27.36.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company 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.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of Klaviyo stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now owns 167,127 shares in the company, valued at $4,036,117.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. purchased a new stake in Klaviyo in the fourth quarter valued at $25,000. New York State Common Retirement Fund purchased a new stake in Klaviyo in the third quarter valued at $65,000. Skylands Capital LLC acquired a new stake in shares of Klaviyo in the third quarter valued at $172,000. Moody National Bank Trust Division acquired a new stake in shares of Klaviyo in the fourth quarter valued at $231,000. Finally, Renaissance Capital LLC acquired a new stake in shares of Klaviyo in the fourth quarter valued at $341,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.