Klarna Group (NYSE:KLAR) Rating Increased to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Klarna Group (NYSE:KLAR) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Bank of America started coverage on Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 price objective on the stock. Wall Street Zen lowered shares of Klarna Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 31st. UBS Group lowered their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.94.

Klarna Group Price Performance

KLAR stock opened at $14.85 on Tuesday. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The company has a market cap of $5.61 billion and a P/E ratio of -19.28. The stock’s fifty day moving average price is $14.29 and its 200-day moving average price is $25.51.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The firm had revenue of $0.87 million for the quarter. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year. As a group, analysts expect that Klarna Group will post 0.05 earnings per share for the current year.

Institutional Trading of Klarna Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its position 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 valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG bought a new stake in Klarna Group in the 4th quarter worth approximately $29,000. US Bancorp DE purchased a new stake in shares of Klarna Group during the 3rd quarter worth approximately $30,000. BIT Capital GmbH purchased a new position in shares of Klarna Group in the third quarter valued at $37,000. Finally, Allworth Financial LP purchased a new stake in Klarna Group during the third quarter valued at $37,000.

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.