Analysts Set Klarna Group plc (NYSE:KLAR) PT at $32.11

Shares of Klarna Group plc (NYSE:KLAR) have received an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.1111.

KLAR has been the topic of several recent analyst reports. Bank of America raised their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Klarna Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company cut their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Morgan Stanley boosted their price objective on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group upped their price objective on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th.

Klarna Group Trading Down 1.8%

Shares of KLAR stock opened at $19.90 on Friday. The stock has a market capitalization of $7.51 billion and a P/E ratio of -38.27. Klarna Group has a 12-month low of $12.06 and a 12-month high of $57.20. The firm’s 50 day moving average is $18.64 and its 200 day moving average is $17.21.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 42.7% on a year-over-year basis. As a group, equities analysts predict that Klarna Group will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Klarna Group

A number of hedge funds have recently made changes to their positions in KLAR. US Bancorp DE bought a new stake in Klarna Group in the third quarter worth $30,000. Global Retirement Partners LLC increased its position in 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. Leonteq Securities AG purchased a new stake in shares of Klarna Group in the fourth quarter valued at $29,000. CWM LLC lifted its holdings in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after acquiring an additional 949 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 509 shares during the last quarter.

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.