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

Shares of Klarna Group plc (NYSE:KLAR) have been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $33.2353.

KLAR has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on shares of Klarna Group in a report on Monday, May 11th. They issued a “hold” rating and a $16.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company decreased their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Finally, UBS Group decreased their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th.

Klarna Group Stock Down 0.5%

Shares of NYSE KLAR opened at $16.32 on Friday. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20. The firm has a market cap of $6.16 billion and a P/E ratio of -31.38. The company has a 50 day moving average of $15.16 and a 200 day moving average of $20.35.

Klarna Group (NYSE:KLAR) last announced 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% on a year-over-year basis. As a group, equities analysts expect that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

A number of hedge funds have recently added to or reduced their stakes in KLAR. SC US Ttgp LTD. purchased a new stake in Klarna Group during the 3rd quarter valued at $2,016,821,000. Commonwealth Bank of Australia purchased a new stake in Klarna Group during the 4th quarter valued at $503,243,000. Wellington Management Group LLP purchased a new stake in Klarna Group during the 3rd quarter valued at $348,834,000. Scge Management L.P. purchased a new stake in Klarna Group during the 3rd quarter valued at $193,018,000. Finally, HarbourVest Partners LLC purchased a new stake in Klarna Group during the 3rd quarter valued at $184,105,000.

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.