Klarna Group plc (NYSE:KLAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Klarna Group plc (NYSE:KLAR) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $33.2353.

KLAR has been the subject of several recent research reports. Bank of America lifted their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. TD Cowen initiated coverage on shares of Klarna Group in a report on Monday, May 11th. They set a “hold” rating and a $16.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th.

Hedge Funds Weigh In On Klarna Group

Several large investors have recently made changes to their positions in KLAR. SC US Ttgp LTD. purchased a new position in shares of Klarna Group during the third quarter valued at approximately $2,016,821,000. Commonwealth Bank of Australia purchased a new position in Klarna Group in the 4th quarter worth approximately $503,243,000. Wellington Management Group LLP purchased a new position in Klarna Group in the 3rd quarter worth approximately $348,834,000. Scge Management L.P. purchased a new position in Klarna Group in the 3rd quarter worth approximately $193,018,000. Finally, HarbourVest Partners LLC purchased a new position in Klarna Group in the 3rd quarter worth approximately $184,105,000.

Klarna Group Stock Performance

KLAR stock opened at $16.32 on Friday. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The business’s 50 day moving average price is $15.16 and its two-hundred day moving average price is $20.35. The company has a market capitalization of $6.16 billion and a price-to-earnings ratio of -31.38.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) 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%. The company’s revenue was up 42.7% on a year-over-year basis. Sell-side analysts forecast that Klarna Group will post 0.04 earnings per share for the current year.

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.