Klarna Group plc (NYSE:KLAR) Given Consensus Rating of “Moderate Buy” by Brokerages
by Kim Johansen · The Markets DailyShares of Klarna Group plc (NYSE:KLAR – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.3333.
A number of research analysts have recently commented on KLAR shares. Wells Fargo & Company decreased their price objective on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen cut shares of Klarna Group from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America initiated coverage on shares of Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Morgan Stanley dropped their price objective on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th.
Get Our Latest Research Report on KLAR
Klarna Group Stock Down 0.2%
Shares of Klarna Group stock opened at $13.32 on Monday. The stock has a market cap of $5.03 billion and a P/E ratio of -17.29. Klarna Group has a 12-month low of $12.06 and a 12-month high of $57.20. The business’s 50 day moving average is $16.49 and its 200-day moving average is $28.12.
Klarna Group (NYSE:KLAR – Get Free Report) last released its earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 during the quarter. Klarna Group’s revenue was up 38.5% compared to the same quarter last year.
Institutional Investors Weigh In On Klarna Group
Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new position in Klarna Group during the third quarter worth $2,199,000. SG Americas Securities LLC bought a new position in shares of Klarna Group in the third quarter valued at about $868,000. Walmart Inc. acquired a new stake in shares of Klarna Group during the 3rd quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Klarna Group during the 3rd quarter worth about $19,406,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Klarna Group during the 3rd quarter worth about $295,000.
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.