Klarna Group (NYSE:KLAR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Klarna Group (NYSE:KLAR) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

KLAR has been the subject of a number of other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods decreased their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. 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. UBS Group reduced their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Stock Performance

Shares of NYSE KLAR opened at $13.32 on Tuesday. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The company has a market cap of $5.03 billion and a price-to-earnings ratio of -17.29. The business’s 50 day moving average price is $16.78 and its 200-day moving average price is $28.34.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The business had revenue of $0.87 million for the quarter. Klarna Group’s revenue was up 38.5% on a year-over-year basis.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new position in shares of Klarna Group in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC grew its position in Klarna Group by 800.0% during the 4th 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 last quarter. BIT Capital GmbH acquired a new position in Klarna Group during the 3rd quarter valued at approximately $37,000. Allworth Financial LP purchased a new position in shares of Klarna Group in the third quarter worth $37,000. Finally, Leonteq Securities AG acquired a new stake in shares of Klarna Group during the fourth quarter worth $29,000.

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.