Klarna Group (NYSE:KLAR) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Klarna Group (NYSE:KLAR) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on KLAR. Keefe, Bruyette & Woods raised their target price 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Wells Fargo & Company cut their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, The Goldman Sachs Group upped their price objective on Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.11.

Klarna Group Price Performance

Klarna Group stock opened at $20.24 on Wednesday. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The business’s fifty day moving average is $18.61 and its 200 day moving average is $17.19. The stock has a market capitalization of $7.64 billion and a PE ratio of -38.92.

Klarna Group (NYSE:KLAR) last posted its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. As a group, sell-side analysts expect that Klarna Group will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia purchased a new position in shares of Klarna Group during the 4th quarter worth $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group in the 3rd quarter worth $348,834,000. Scge Management L.P. bought a new position in Klarna Group in the 3rd quarter worth $193,018,000. MIC Capital Management UK LLP purchased a new position in Klarna Group during the third quarter valued at $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Klarna Group during the fourth quarter valued at $72,323,000.

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.