Zacks Research Downgrades Klaviyo (NYSE:KVYO) to Hold

Klaviyo (NYSE:KVYO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Wall Street Zen cut Klaviyo from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Benchmark reiterated a “buy” rating on shares of Klaviyo in a report on Tuesday, November 4th. William Blair restated an “outperform” rating on shares of Klaviyo in a research note on Monday, November 17th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target (down from $50.00) on shares of Klaviyo in a research note on Thursday, November 6th. Finally, KeyCorp cut their price objective on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.76.

Klaviyo Stock Down 0.5%

Shares of NYSE:KVYO opened at $22.21 on Thursday. Klaviyo has a fifty-two week low of $22.03 and a fifty-two week high of $49.55. The firm’s 50 day moving average price is $28.67 and its 200 day moving average price is $29.44. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of -92.54 and a beta of 1.08.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $310.88 million during the quarter, compared to analysts’ expectations of $299.93 million. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The firm’s revenue was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. On average, equities analysts anticipate that Klaviyo will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In related news, insider Landon Edmond sold 10,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $25.83, for a total transaction of $258,300.00. Following the completion of the sale, the insider owned 343,882 shares in the company, valued at $8,882,472.06. This represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Bialecki sold 155,219 shares of Klaviyo stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $25.33, for a total transaction of $3,931,697.27. The SEC filing for this sale provides additional information. Insiders sold a total of 1,862,901 shares of company stock worth $52,846,182 in the last 90 days. 49.92% of the stock is owned by insiders.

Institutional Trading of Klaviyo

Hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Klaviyo during the second quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Klaviyo by 1,650.9% in 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. First Horizon Advisors Inc. purchased a new position in Klaviyo during the 2nd quarter worth $37,000. FNY Investment Advisers LLC acquired a new stake in shares of Klaviyo in the 3rd quarter worth $34,000. Finally, Quarry LP purchased a new stake in shares of Klaviyo in the third quarter valued at about $44,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.