Wall Street Zen lowered shares of Klarna Group (NYSE:KLAR – Free Report) from a hold rating to a sell rating in a report issued on Saturday.
Several other equities analysts have also weighed in on KLAR. Bank of America increased their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wolfe Research cut shares of Klarna Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, August 25th. Morgan Stanley cut their price target on Klarna Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. TD Cowen reduced their price target on Klarna Group from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group upped their price objective on Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.39.
Get Our Latest Stock Report on Klarna Group
Klarna Group Stock Up 1.9%
Klarna Group (NYSE:KLAR – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.07. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.56 million. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Klarna Group will post -0.01 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Sebastian Siemiatkowski bought 692,506 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $14.37 per share, for a total transaction of $9,951,311.22. Following the completion of the acquisition, the chief executive officer owned 25,344,322 shares in the company, valued at approximately $364,197,907.14. This trade represents a 2.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional Trading of Klarna Group
A number of large investors have recently made changes to their positions in KLAR. Renaissance Technologies LLC increased its stake in Klarna Group by 173.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock worth $26,744,000 after purchasing an additional 1,297,200 shares in the last quarter. Renaissance Capital LLC lifted its stake in Klarna Group by 532.5% in the second quarter. Renaissance Capital LLC now owns 103,656 shares of the company’s stock valued at $2,098,000 after buying an additional 87,267 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Klarna Group in the first quarter valued at approximately $1,964,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Klarna Group by 47.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company’s stock worth $15,689,000 after acquiring an additional 385,811 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Klarna Group by 32.9% during the fourth quarter. UBS Group AG now owns 1,376,248 shares of the company’s stock worth $39,787,000 after acquiring an additional 340,562 shares in the last quarter.
Key Stories Impacting Klarna Group
Here are the key news stories impacting Klarna Group this week:
- Positive Sentiment: CEO makes substantial insider purchase: Chief Executive Sebastian Siemiatkowski bought 692,506 KLAR shares at an average price of $14.37, investing approximately $9.95 million. The purchase increased his ownership by 2.81% to 25.34 million shares and may support investor confidence by signaling management’s belief that the stock is undervalued. Klarna CEO Sebastian Siemiatkowski Acquires 692,506 Shares for $10 Million
- Positive Sentiment: Affirm earnings lift BNPL peers: Affirm’s stronger-than-expected fourth-quarter results improved sentiment toward the broader BNPL industry. Investors appear to be interpreting the results as evidence of resilient consumer demand and potentially favorable operating trends for Klarna. Klarna stock climbs as Affirm’s Q4 beat lifts buy-now-pay-later peers
- Positive Sentiment: Reduced competitive threat from a reported PayPal deal: The BNPL relief trade broadened after reports that Stripe and Advent International abandoned a potential acquisition of PayPal valued at more than $50 billion. The development may ease concerns about a major fintech combination intensifying competition in payments and BNPL. Buy Now Pay Later Relief Trade Broadens
- Neutral Sentiment: Apple leasing strategy draws attention: Coverage of Apple and Klarna’s new leasing strategy could affect perceptions of Klarna’s partnership and product expansion, but the available report provides insufficient detail to determine the financial impact. Apple and new Klarna leasing strategy
- Negative Sentiment: Wolfe Research downgrades the stock: The firm lowered Klarna to “Peer Perform,” potentially limiting upside expectations and reinforcing caution after the stock’s sharp decline from its 12-month high. Klarna Rating Lowered to Peer Perform
- Negative Sentiment: Investor investigation announced: Pomerantz LLP is investigating potential claims on behalf of Klarna investors. Although no findings or allegations were detailed, the announcement adds legal and reputational uncertainty to KLAR. Pomerantz Investor Alert
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.
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