Klarna Group (NYSE:KLAR) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Klarna Group (NYSE:KLAR) posted its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.12, Briefing.com reports. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The company’s quarterly revenue was up 42.7% on a year-over-year basis.

Klarna Group Stock Performance

NYSE:KLAR opened at $15.18 on Wednesday. The stock’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $22.52. The company has a market cap of $5.73 billion and a P/E ratio of -29.18. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KLAR shares. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday. JPMorgan Chase & Co. lowered their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company reduced their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, Bank of America lifted their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

Institutional Trading of Klarna Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Delta Global Management LP bought a new stake in Klarna Group in the fourth quarter valued at approximately $2,308,000. XTX Topco Ltd grew its position in shares of Klarna Group by 132.8% in the fourth quarter. XTX Topco Ltd now owns 87,353 shares of the company’s stock valued at $2,525,000 after purchasing an additional 49,837 shares during the last quarter. Prana Capital Management LP acquired a new stake in Klarna Group during the fourth quarter worth approximately $629,000. Quadrature Capital Ltd acquired a new stake in Klarna Group during the fourth quarter worth approximately $1,120,000. Finally, Man Group plc acquired a new stake in Klarna Group during the fourth quarter worth approximately $362,000.

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.