Klarna Group (NYSE:KLAR) Now Covered by Analysts at Scotiabank

Scotiabank initiated coverage on shares of Klarna Group (NYSE:KLAR) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm set a “sector perform” rating on the stock.

A number of other analysts also recently issued reports on KLAR. The Goldman Sachs Group increased their target price 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. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Thursday, August 13th. BMO Capital Markets lowered their target price on Klarna Group from $19.00 to $15.00 and set a “market perform” rating for the company in a research note on Wednesday, August 19th. Barclays dropped their target price on Klarna Group from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 19th. Finally, Citizens Jmp began coverage on Klarna Group in a research report on Tuesday, June 30th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Klarna Group currently has an average rating of “Hold” and an average price target of $30.39.

Klarna Group Trading Down 3.1%

Shares of KLAR opened at $14.23 on Wednesday. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20. The firm has a market capitalization of $5.37 billion and a P/E ratio of -38.46. The stock’s fifty day simple moving average is $18.30 and its 200 day simple moving average is $16.22.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $992.56 million. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.Klarna Group’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Klarna Group will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Klarna Group

In other Klarna Group news, CEO Sebastian Siemiatkowski bought 692,506 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the completion of the transaction, the chief executive officer owned 25,344,322 shares in the company, valued at $364,197,907.14. The trade was a 2.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Klarna Group

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