Shares of Klarna Group plc (NYSE:KLAR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.2353.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group lifted their target price on Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley lifted their target price on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods lifted their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Cowen assumed coverage on Klarna Group in a research report on Monday, May 11th. They issued a “hold” rating and a $16.00 target price on the stock.
Get Our Latest Stock Report on KLAR
Klarna Group Price Performance
Klarna Group (NYSE:KLAR – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.64% and a negative net margin of 5.21%.The business had revenue of $839.00 million for the quarter, compared to analyst estimates of $940.90 million. The company’s quarterly revenue was up 42.7% on a year-over-year basis. On average, research analysts expect that Klarna Group will post -0.12 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $16,040,000. ARK Investment Management LLC acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $16,922,000. HarbourVest Partners LLC acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $184,105,000. Technology Crossover Management X Ltd. acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $140,910,000. Finally, Monashee Investment Management LLC acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $3,665,000.
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.
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