Klarna Group (NYSE:KLAR) Earns Market Perform Rating from Analysts at Citizens Jmp

by · The Markets Daily

Stock analysts at Citizens Jmp assumed coverage on shares of Klarna Group (NYSE:KLAR – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “market perform” rating on the stock.

A number of other brokerages have also recently weighed in on KLAR. Freedom Capital raised Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Morgan Stanley lifted their price target on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group presently has a consensus rating of “Moderate Buy” and an average target price of $33.35.

View Our Latest Analysis on KLAR

Klarna Group Trading Up 0.1%

Shares of KLAR opened at $20.31 on Tuesday. Klarna Group has a 12-month low of $12.06 and a 12-month high of $57.20. The company has a market cap of $7.67 billion and a PE ratio of -39.06. The stock has a 50-day moving average price of $16.24 and a 200-day moving average price of $19.34.

Klarna Group (NYSE:KLAR – Get Free Report) last issued its quarterly earnings results 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 quarterly revenue was up 42.7% compared to the same quarter last year. As a group, analysts predict that Klarna Group will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KLAR. Commonwealth Bank of Australia purchased a new stake in Klarna Group in the fourth quarter worth $503,243,000. Wellington Management Group LLP bought a new stake in shares of Klarna Group during the 3rd quarter valued at $348,834,000. Scge Management L.P. purchased a new stake in shares of Klarna Group in the 3rd quarter worth about $193,018,000. HarbourVest Partners LLC purchased a new stake in shares of Klarna Group in the 3rd quarter worth about $184,105,000. Finally, Technology Crossover Management X Ltd. bought a new position in shares of Klarna Group in the 3rd quarter worth about $140,910,000.

Klarna Group Company Profile

(Get Free Report)

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.

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