Klarna Group (NYSE:KLAR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Klarna Group (NYSE:KLAR) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Several other research firms have also recently weighed in on KLAR. Bank of America began coverage on Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley reduced their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Up 4.8%

Shares of KLAR opened at $13.08 on Tuesday. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20. The company has a market capitalization of $4.94 billion and a P/E ratio of -16.98. The firm has a 50 day moving average of $17.37 and a 200 day moving average of $28.56.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The business had revenue of $0.87 million during the quarter. The company’s revenue was up 38.5% compared to the same quarter last year.

Institutional Trading of Klarna Group

Hedge funds have recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Klarna Group in the fourth quarter valued at about $72,323,000. Delta Global Management LP bought a new stake in shares of Klarna Group during the 4th quarter valued at about $2,308,000. XTX Topco Ltd increased its position in shares of Klarna Group by 132.8% during the 4th quarter. XTX Topco Ltd now owns 87,353 shares of the company’s stock valued at $2,525,000 after purchasing an additional 49,837 shares during the last quarter. Prana Capital Management LP purchased a new stake in shares of Klarna Group during the 4th quarter valued at about $629,000. Finally, Quadrature Capital Ltd bought a new position in shares of Klarna Group in the 4th quarter worth approximately $1,120,000.

Klarna Group Company Profile

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.