Klarna Group (NYSE:KLAR – Get Free Report) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.
Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. TD Cowen started coverage on shares of Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price target on the stock. Bank of America raised their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group upped their target price on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets increased their target price on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Klarna Group currently has a consensus rating of “Moderate Buy” and an average price target of $33.35.
Get Our Latest Stock Report on Klarna Group
Klarna Group Stock Performance
Klarna Group (NYSE:KLAR – Get Free Report) last posted its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate 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%. Klarna Group’s revenue for the quarter was up 42.7% on a year-over-year basis. As a group, research analysts predict that Klarna Group will post 0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Klarna Group
A number of large investors have recently modified their holdings of the company. ARK Investment Management LLC purchased a new position in shares of Klarna Group during the third quarter worth approximately $16,922,000. HarbourVest Partners LLC purchased a new stake in shares of Klarna Group in the third quarter valued at about $184,105,000. Technology Crossover Management X Ltd. acquired a new stake in shares of Klarna Group during the third quarter worth about $140,910,000. Monashee Investment Management LLC purchased a new position in shares of Klarna Group during the third quarter worth about $3,665,000. Finally, DNB Asset Management AS acquired a new position in Klarna Group in the 3rd quarter valued at about $18,464,000.
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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