Klarna Group plc (NYSE:KLAR) Receives Average Rating of “Hold” from Analysts

Klarna Group plc (NYSE:KLAR) has been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.3889.

A number of equities research analysts recently weighed in on KLAR shares. UBS Group cut Klarna Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $16.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. The Goldman Sachs Group upped their price target on shares of Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a report on Thursday, August 13th.

Institutional Trading of Klarna Group

Several hedge funds have recently added to or reduced their stakes in KLAR. Caitong International Asset Management Co. Ltd grew its holdings in Klarna Group by 19.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after buying an additional 665 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. US Bancorp DE bought a new stake in shares of Klarna Group in the third quarter valued at about $30,000. SBI Securities Co. Ltd. grew its stake in shares of Klarna Group by 42.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock valued at $84,000 after acquiring an additional 856 shares in the last quarter. Finally, CWM LLC increased its position in Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after acquiring an additional 949 shares during the period.

Klarna Group Stock Down 0.1%

Shares of NYSE KLAR opened at $14.26 on Thursday. The business’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $16.39. The company has a market cap of $5.38 billion and a PE ratio of -38.54. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group’s revenue was up 26.6% on a year-over-year basis. As a group, research analysts anticipate that Klarna Group will post -0.01 EPS for the current fiscal year.

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.