Klarna Group (NYSE:KLAR) Releases Earnings Results

Klarna Group (NYSE:KLAR) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12, Briefing.com reports. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year.

Klarna Group Trading Down 2.4%

Shares of Klarna Group stock opened at $15.18 on Wednesday. The business’s fifty day simple moving average is $14.08 and its 200 day simple moving average is $22.52. The firm has a market capitalization of $5.73 billion and a P/E ratio of -29.18. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20.

Hedge Funds Weigh In On Klarna Group

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of Klarna Group in the third quarter worth $348,834,000. Scge Management L.P. purchased a new stake in shares of Klarna Group during the third quarter worth about $193,018,000. MIC Capital Management UK LLP purchased a new stake in shares of Klarna Group during the third quarter worth about $99,502,000. Balyasny Asset Management L.P. increased its position in Klarna Group by 322.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,162,484 shares of the company’s stock valued at $62,517,000 after purchasing an additional 1,650,660 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Klarna Group in the third quarter worth about $55,843,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 15th. UBS Group lowered their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Keefe, Bruyette & Woods lifted their price objective on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company decreased their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.24.

About Klarna Group

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.