Klarna Group (NYSE:KLAR) Share Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Klarna shares slipped below their 50-day moving average of $13.45, trading as low as $13.34 and last changing hands at $13.443.
• Analyst views are mixed, with a consensus Hold rating and average price target of $22.44; individual targets cited range from $16 to $20.
• Klarna’s latest reported quarter beat estimates, with EPS of $0.01 versus a forecast loss of $0.06 and revenue of $1.04 billion, up 26.6% year over year. CEO Sebastian Siemiatkowski also bought about 692,500 shares.

Shares of Klarna Group plc (NYSE:KLAR - Get Free Report) crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $13.45 and traded as low as $13.34. Klarna Group shares last traded at $13.4430, with a volume of 4,067,679 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Klarna Group from a "sell" rating to a "hold" rating in a research report on Sunday, November 1st. Monness Crespi & Hardt started coverage on Klarna Group in a research report on Monday, October 26th. They set a "buy" rating and a $20.00 price objective for the company. Scotiabank assumed coverage on Klarna Group in a research report on Wednesday, September 2nd. They set a "sector perform" rating and a $16.00 price objective for the company. Wolfe Research lowered Klarna Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. cut Klarna Group from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $18.00 in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.44.

Klarna Group Stock Down 1.2%

The business's 50 day simple moving average is $13.45 and its 200 day simple moving average is $16.05. The company has a market capitalization of $5.07 billion, a PE ratio of -36.33 and a beta of 1.62.

Klarna Group (NYSE:KLAR - Get Free Report) last released its earnings results 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 net margin of 3.54% and a negative return on equity of 5.39%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $992.56 million. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts anticipate that Klarna Group plc will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other Klarna Group news, CEO Sebastian Siemiatkowski bought 692,506 shares of Klarna Group stock in a transaction dated Wednesday, August 26th. The stock was bought 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 directly owned 25,344,322 shares of the company's stock, valued at approximately $364,197,907.14. This trade represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Klarna Group

A number of large investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its holdings in Klarna Group by 39.9% during the third quarter. Asset Management One Co. Ltd. now owns 3,235 shares of the company's stock valued at $40,000 after acquiring an additional 922 shares during the period. D.A. Davidson & CO. increased its position in shares of Klarna Group by 4.6% during the third quarter. D.A. Davidson & CO. now owns 24,850 shares of the company's stock valued at $308,000 after purchasing an additional 1,100 shares during the period. Integrated Wealth Concepts LLC bought a new position in Klarna Group in the second quarter worth $35,000. Commonwealth Equity Services LLC lifted its position in Klarna Group by 13.7% in the third quarter. Commonwealth Equity Services LLC now owns 14,591 shares of the company's stock worth $181,000 after purchasing an additional 1,755 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Klarna Group by 154.8% during the third quarter. Farther Finance Advisors LLC now owns 3,402 shares of the company's stock worth $42,000 after buying an additional 2,067 shares in the last quarter.

About Klarna Group

Klarna Group is a financial technology company that provides digital payment and shopping services to consumers and merchants. Its offerings include checkout payments, installment plans, and options to pay immediately or at a later date, subject to availability and terms.

The company also operates a shopping app where users can discover products, compare prices, track orders, and manage purchases. For merchants, Klarna provides payment processing and related tools designed to support online and in-store commerce.

Founded in Stockholm in 2005, Klarna serves consumers and businesses across multiple markets in Europe, North America, and other regions.

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