Needham & Company LLC Cuts Klaviyo (NYSE:KVYO) Price Target to $30.00

Klaviyo (NYSE:KVYO) had its target price reduced by Needham & Company LLC from $45.00 to $30.00 in a research note released on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on KVYO. Zacks Research cut Klaviyo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Cantor Fitzgerald dropped their target price on Klaviyo from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen lowered Klaviyo from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Macquarie Infrastructure lowered their price objective on shares of Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, KeyCorp reduced their target price on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Twenty research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and a consensus price target of $34.24.

Klaviyo Stock Up 0.1%

Klaviyo stock opened at $18.53 on Wednesday. Klaviyo has a 52-week low of $18.23 and a 52-week high of $48.00. The firm has a fifty day moving average of $26.91 and a 200-day moving average of $28.57. The firm has a market capitalization of $5.59 billion, a P/E ratio of -154.36 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last posted its earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share 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 business had revenue of $350.20 million for the quarter, compared to analyst estimates of $333.99 million. During the same quarter in the previous year, the business posted $0.07 EPS. The business’s quarterly revenue was up 29.6% on a year-over-year basis. On average, research analysts expect that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew Bialecki sold 167,926 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $24.16, for a total transaction of $4,057,092.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ed Hallen sold 117,550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $30.36, for a total transaction of $3,568,818.00. Following the sale, the director directly owned 133,624 shares of the company’s stock, valued at $4,056,824.64. The trade was a 46.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,800,598 shares of company stock worth $50,974,712. 49.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently modified their holdings of KVYO. Capital International Investors acquired a new position in Klaviyo in the fourth quarter worth about $415,254,000. Morgan Stanley raised its stake in Klaviyo by 36.1% during the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock valued at $472,344,000 after buying an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Klaviyo during the 4th quarter worth approximately $92,675,000. Vanguard Group Inc. lifted its holdings in Klaviyo by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after buying an additional 2,059,550 shares during the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Klaviyo in the 2nd quarter worth approximately $57,109,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.