Klarna Group (NYSE:KLAR) Given New $19.00 Price Target at TD Cowen

Klarna Group (NYSE:KLAR) had its price objective upped by investment analysts at TD Cowen from $17.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target points to a potential downside of 2.95% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Wells Fargo & Company reduced their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. BMO Capital Markets lifted their target price on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 23rd. Bank of America boosted their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group upped their price target on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Klarna Group currently has a consensus rating of “Moderate Buy” and an average target price of $32.29.

Klarna Group Price Performance

Shares of Klarna Group stock traded down $0.30 during trading on Tuesday, hitting $19.58. The stock had a trading volume of 244,416 shares, compared to its average volume of 5,834,485. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20. The firm’s fifty day simple moving average is $16.78 and its 200-day simple moving average is $18.94. The stock has a market cap of $7.39 billion and a PE ratio of -37.77.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s revenue was up 42.7% compared to the same quarter last year. Analysts expect that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the period. Leonteq Securities AG purchased a new position in shares of Klarna Group during the fourth quarter valued at $29,000. US Bancorp DE purchased a new position in shares of Klarna Group during the third quarter valued at $30,000. Allworth Financial LP bought a new stake in shares of Klarna Group in the third quarter valued at about $37,000. Finally, CWM LLC lifted its stake in Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after acquiring an additional 949 shares during the period.

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.