UBS Group Downgrades Klarna Group (NYSE:KLAR) to Neutral

Klarna Group (NYSE:KLAR) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Monday, MarketBeat.com reports. They presently have a $16.00 price target on the stock. UBS Group’s price target would indicate a potential upside of 11.89% from the company’s previous close.

A number of other research firms also recently commented on KLAR. Morgan Stanley reduced their price objective on shares of Klarna Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods dropped their target price on shares of Klarna Group from $26.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday. Bank of America upped their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group increased their price target on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets lowered their price objective on Klarna Group from $19.00 to $15.00 and set a “market perform” rating for the company in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.39.

Klarna Group Stock Down 0.2%

Shares of KLAR opened at $14.30 on Monday. The firm has a market cap of $5.40 billion and a price-to-earnings ratio of -38.65. The business’s 50 day moving average is $18.83 and its two-hundred day moving average is $16.54. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20.

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

Hedge Funds Weigh In On Klarna Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE bought a new position in shares of Klarna Group during the third quarter valued at approximately $30,000. First Trust Advisors LP acquired a new position in Klarna Group during the 3rd quarter valued at approximately $526,000. Russell Investments Group Ltd. acquired a new position in Klarna Group during the 3rd quarter valued at approximately $19,272,000. Legal & General Group Plc bought a new position in Klarna Group during the 3rd quarter worth $148,000. Finally, Franklin Resources Inc. acquired a new stake in Klarna Group in the third quarter worth $10,995,000.

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.