Klarna Group (NYSE:KLAR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Klarna Group (NYSE:KLAR) from a sell rating to a hold rating in a report released on Saturday morning.

KLAR has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Bank of America began coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company dropped their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, UBS Group dropped their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.94.

Klarna Group Stock Performance

Klarna Group stock opened at $14.50 on Friday. The company has a 50 day moving average price of $13.90 and a 200 day moving average price of $23.81. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The firm has a market capitalization of $5.47 billion and a price-to-earnings ratio of -18.83.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). The business had revenue of $0.87 million for the quarter. Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The company’s quarterly revenue was up 38.5% on a year-over-year basis. Equities analysts forecast that Klarna Group will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. US Bancorp DE bought a new position in Klarna Group in the 3rd quarter worth $30,000. Global Retirement Partners LLC increased 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. BIT Capital GmbH bought a new position in shares of Klarna Group during the 3rd quarter worth about $37,000. Allworth Financial LP bought a new position in shares of Klarna Group during the 3rd quarter worth about $37,000. Finally, Leonteq Securities AG bought a new position in shares of Klarna Group during the 4th quarter worth about $29,000.

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.