Klarna Group plc (NYSE:KLAR – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.2941.
KLAR has been the topic of a number of recent research reports. Citizens Jmp assumed coverage on shares of Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating on the stock. Morgan Stanley boosted their target price on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. BMO Capital Markets boosted their price objective on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group increased their price objective on Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, May 15th.
Get Our Latest Stock Analysis on KLAR
More Klarna Group News
- Positive Sentiment: Klarna announced a long-term partnership with Southwest Airlines to offer flexible payment options for airfare purchases, expanding its buy now, pay later reach into travel and potentially boosting future payment volume. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
- Positive Sentiment: The company applied for a U.S. banking charter through the FDIC and Utah regulators, a move that could give Klarna more control over funding, product offerings, and its long-term banking model if approved. Klarna seeks U.S. bank charter in latest push beyond buy now, pay later
- Positive Sentiment: Investor interest in mobile payments and cashless commerce remains supportive for Klarna, with recent sector coverage naming KLAR among potential beneficiaries of accelerating digital payment adoption. Top Mobile Payments Stocks to Buy as Cashless Commerce Accelerates
- Neutral Sentiment: TD Cowen raised its price target on Klarna to $19 from $17, but kept a hold rating, suggesting limited near-term upside despite improved valuation expectations.
Institutional Trading of Klarna Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE bought a new stake in shares of Klarna Group during the 3rd quarter worth $30,000. Global Retirement Partners LLC lifted its stake in Klarna Group by 800.0% in 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 during the last quarter. Allworth Financial LP purchased a new position in shares of Klarna Group during the 3rd quarter worth approximately $37,000. Leonteq Securities AG bought a new stake in shares of Klarna Group during the 4th quarter valued at $29,000. Finally, CWM LLC grew its holdings in Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period.
Klarna Group Stock Performance
Shares of Klarna Group stock opened at $19.44 on Wednesday. The stock has a market capitalization of $7.34 billion and a PE ratio of -37.38. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The stock has a 50 day moving average price of $16.89 and a two-hundred day moving average price of $18.87.
Klarna Group (NYSE:KLAR – Get Free Report) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Research analysts forecast that Klarna Group will post 0.04 EPS for the current year.
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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