Klarna Group (NYSE:KLAR) Stock Rating Lowered by Wolfe Research

Klarna Group (NYSE:KLAR) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Tuesday.

Other analysts have also issued reports about the stock. Citizens Jmp started coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. BMO Capital Markets lowered their target price on shares of Klarna Group from $19.00 to $15.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a report on Thursday, August 13th. Finally, Morgan Stanley cut their price objective on Klarna Group from $21.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.39.

Klarna Group Trading Down 1.2%

NYSE KLAR opened at $14.15 on Tuesday. The company has a market cap of $5.34 billion and a P/E ratio of -38.24. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The company has a fifty day simple moving average of $18.76 and a 200 day simple moving average of $16.49.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. Equities research analysts forecast that Klarna Group will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Klarna Group

Large investors have recently modified their holdings of the stock. Commonwealth Bank of Australia bought a new position in Klarna Group in the 4th quarter worth approximately $503,243,000. Wellington Management Group LLP bought a new stake in shares of Klarna Group during the third quarter worth $348,834,000. Scge Management L.P. acquired a new position in shares of Klarna Group during the third quarter valued at $193,018,000. MIC Capital Management UK LLP acquired a new position in shares of Klarna Group during the third quarter valued at $99,502,000. Finally, BlackRock Inc. boosted its holdings in Klarna Group by 89.6% in the second quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock valued at $115,335,000 after acquiring an additional 2,693,374 shares during the last quarter.

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.