Klarna Group (NYSE:KLAR) Raised to “Strong-Buy” at Freedom Capital

Klarna Group (NYSE:KLAR) was upgraded by equities research analysts at Freedom Capital to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Keefe, Bruyette & Woods upped their price target on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD Cowen began coverage on shares of Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price target on the stock. BMO Capital Markets upped their target price on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.35.

Klarna Group Price Performance

Shares of NYSE KLAR opened at $19.09 on Wednesday. The business has a fifty day moving average price of $16.02 and a two-hundred day moving average price of $19.48. The stock has a market capitalization of $7.21 billion and a PE ratio of -36.71. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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%.The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts expect that Klarna Group will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA boosted its position in Klarna Group by 43.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after buying an additional 500 shares during the period. TD Waterhouse Canada Inc. increased its position in Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after acquiring an additional 509 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Klarna Group by 19.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after acquiring an additional 665 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of Klarna Group during the third quarter worth $30,000.

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.