Barclays Initiates Coverage on Klarna Group (NYSE:KLAR)

Investment analysts at Barclays began coverage on shares of Klarna Group (NYSE:KLAR) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating and a $20.00 price target on the stock. Barclays‘s price target suggests a potential upside of 2.89% from the stock’s current price.

Several other analysts have also recently issued reports on KLAR. Deutsche Bank Aktiengesellschaft increased 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. TD Cowen upped their price target on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday. Freedom Capital upgraded Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Morgan Stanley upped their target price on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities 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 issued a Sell rating to the company. According to MarketBeat, Klarna Group currently has an average rating of “Moderate Buy” and a consensus target price of $31.61.

Klarna Group Stock Performance

Shares of KLAR opened at $19.44 on Wednesday. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock’s 50-day simple moving average is $16.89 and its 200 day simple moving average is $18.87. The stock has a market capitalization of $7.34 billion and a price-to-earnings ratio of -37.38.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. 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. On average, research analysts forecast that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Klarna Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Bank of Australia purchased a new stake in Klarna Group in the fourth quarter worth about $503,243,000. Wellington Management Group LLP bought a new position in shares of Klarna Group in the 3rd quarter worth approximately $348,834,000. Scge Management L.P. purchased a new position in shares of Klarna Group in the 3rd quarter valued at approximately $193,018,000. HarbourVest Partners LLC bought a new stake in shares of Klarna Group during the third quarter valued at approximately $184,105,000. Finally, MIC Capital Management UK LLP purchased a new stake in Klarna Group in the third quarter worth $99,502,000.

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.