Klarna Group plc (NYSE:KLAR) Receives $33.24 Average PT from Analysts

Klarna Group plc (NYSE:KLAR) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.2353.

KLAR has been the topic of several analyst reports. TD Cowen initiated coverage on shares of Klarna Group in a report on Monday, May 11th. They set a “hold” rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets upped their price target on shares of Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th.

Klarna Group Stock Up 0.3%

Shares of NYSE:KLAR opened at $16.62 on Tuesday. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The stock has a market capitalization of $6.27 billion and a P/E ratio of -31.97. The firm has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $21.93.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 42.7% compared to the same quarter last year. On average, analysts expect that Klarna Group will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Klarna Group

Several large investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA boosted its position in Klarna Group by 43.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock valued at $48,000 after buying an additional 500 shares during the period. TD Waterhouse Canada Inc. boosted its position in Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 during the period. Global Retirement Partners LLC boosted its position in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 800 shares during the period. Finally, US Bancorp DE purchased a new stake in Klarna Group in the 3rd quarter valued at about $30,000.

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.