Klarna Group (NYSE:KLAR) Upgraded at Wall Street Zen

Klarna Group (NYSE:KLAR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently weighed in on KLAR. UBS Group decreased their target price on Klarna Group from $46.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Keefe, Bruyette & Woods reduced their price target on shares of Klarna Group from $45.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, February 20th. BMO Capital Markets assumed coverage on shares of Klarna Group in a report on Wednesday, April 22nd. They set a "market perform" rating and a $16.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, February 20th. Finally, Bank of America assumed coverage on shares of Klarna Group in a research report on Thursday, March 5th. They set a "buy" rating and a $21.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klarna Group has a consensus rating of "Moderate Buy" and a consensus price target of $36.94.

Klarna Group Price Performance

Shares of NYSE:KLAR opened at $14.50 on Friday. The firm has a market capitalization of $5.47 billion and a PE ratio of -18.83. The business has a 50 day simple moving average of $13.90 and a two-hundred day simple moving average of $23.81. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20.

Klarna Group (NYSE:KLAR - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The business had revenue of $0.87 million during the quarter. The company's quarterly revenue was up 38.5% compared to the same quarter last year. Equities research analysts expect that Klarna Group will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLAR. Walmart Inc. purchased a new position in shares of Klarna Group in the 3rd quarter valued at $87,960,000. WCM Investment Management LLC purchased a new stake in shares of Klarna Group during the 3rd quarter worth $16,040,000. Robeco Institutional Asset Management B.V. bought a new stake in Klarna Group during the third quarter valued at about $2,199,000. ARK Investment Management LLC purchased a new position in Klarna Group in the third quarter valued at about $16,922,000. Finally, HarbourVest Partners LLC purchased a new position in Klarna Group in the third quarter valued at about $184,105,000.

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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