Klarna Group (NYSE:KLAR) Downgraded by Wolfe Research to Peer Perform

Key Points

• Wolfe Research downgraded Klarna Group from “Outperform” to “Peer Perform,” adding to a mixed analyst outlook. MarketBeat data shows a consensus “Hold” rating and an average price target of $30.39.
• Klarna shares opened at $14.15, down 1.2%, well below their 52-week high of $57.20; the company has a $5.34 billion market capitalization and a negative P/E ratio.
• Despite ongoing losses, Klarna’s latest quarterly results exceeded expectations: earnings were $0.01 per share versus a projected loss of $0.06, while revenue reached $1.04 billion, up 26.6% year over year.

Klarna Group (NYSE:KLAR - Get Free Report) was downgraded by Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued to clients and investors on Tuesday.

KLAR has been the subject of several other reports. Weiss Ratings restated a "sell (e+)" rating on shares of Klarna Group in a report on Thursday, August 13th. TD Cowen dropped their price target on Klarna Group from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, August 19th. Barclays cut their price objective on Klarna Group from $20.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 19th. Wells Fargo & Company decreased their target price on shares of Klarna Group from $26.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price target (down from $22.00) on shares of Klarna Group in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.39.

Klarna Group Stock Down 1.2%

NYSE:KLAR opened at $14.15 on Tuesday. The business's 50-day moving average price is $18.76 and its 200 day moving average price is $16.49. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The firm has a market cap of $5.34 billion and a P/E ratio of -38.24.

Klarna Group (NYSE:KLAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $992.56 million. Klarna Group's revenue was up 26.6% compared to the same quarter last year. Sell-side analysts expect that Klarna Group will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Klarna Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its position in shares of 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 in the last quarter. Leonteq Securities AG purchased a new position in Klarna Group during the fourth quarter valued at approximately $29,000. US Bancorp DE acquired a new position in Klarna Group in the 3rd quarter valued at approximately $30,000. CWM LLC lifted its position in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company's stock worth $43,000 after buying an additional 949 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Klarna Group in the fourth quarter worth $48,000.

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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