Klarna Group plc (NYSE:KLAR) Receives Average Rating of “Moderate Buy” from Analysts

Klarna Group plc (NYSE:KLAR) has received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.1111.

A number of research firms have recently commented on KLAR. Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised their target price on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. UBS Group increased their price target on shares of Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Bank of America lifted their price target on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th.

Klarna Group Stock Down 0.3%

KLAR stock opened at $18.93 on Friday. The stock has a market capitalization of $7.15 billion and a price-to-earnings ratio of -36.41. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock’s fifty day simple moving average is $18.36 and its 200-day simple moving average is $17.54.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.Klarna Group’s revenue for the quarter was up 42.7% on a year-over-year basis. As a group, analysts anticipate that Klarna Group will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in shares of Klarna Group in the 3rd quarter worth about $30,000. Global Retirement Partners LLC grew its holdings in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the period. Leonteq Securities AG purchased a new stake in shares of Klarna Group during the 4th quarter worth about $29,000. CWM LLC increased its position in Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the period.

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.