Klarna Group plc (NYSE:KLAR – Get Free Report) has been assigned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $29.6316.
Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Klarna Group from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Scotiabank began coverage on shares of Klarna Group in a research note on Wednesday. They issued a “sector perform” rating and a $16.00 price objective on the stock. Citizens Jmp initiated coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They set a “market perform” rating for the company. Bank of America increased their price target on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods reduced their price target on Klarna Group from $26.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st.
View Our Latest Report on Klarna Group
Klarna Group Stock Up 2.0%
Klarna Group (NYSE:KLAR – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that Klarna Group will post -0.01 EPS for the current year.
Insider Transactions at Klarna Group
In related news, CEO Sebastian Siemiatkowski bought 692,506 shares of Klarna Group stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price 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 represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional Trading of Klarna Group
A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Klarna Group by 19.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after purchasing an additional 665 shares during the period. Global Retirement Partners LLC raised its holdings in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the period. US Bancorp DE bought a new position in shares of Klarna Group during the third quarter worth $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Klarna Group by 42.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock valued at $84,000 after buying an additional 856 shares during the period. Finally, CWM LLC grew its holdings in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after buying an additional 949 shares during the period.
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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