Klarna Group (NYSE:KLAR) Given New $19.00 Price Target at BMO Capital Markets

Klarna Group (NYSE:KLAR) had its price objective boosted by equities researchers at BMO Capital Markets from $17.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 6.25% from the stock’s previous close.

Several other brokerages also recently commented on KLAR. Morgan Stanley raised their price target on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Wells Fargo & Company lowered their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. The Goldman Sachs Group lifted their price objective on Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD Cowen assumed coverage on Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 target price for the company. Finally, Bank of America upped their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.35.

Klarna Group Price Performance

Shares of KLAR traded down $0.09 during midday trading on Tuesday, hitting $17.88. 607,921 shares of the company traded hands, compared to its average volume of 5,878,233. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The firm has a market cap of $6.75 billion and a P/E ratio of -34.50. The stock has a 50-day moving average of $15.74 and a 200-day moving average of $19.76.

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

Hedge Funds Weigh In On Klarna Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new stake in Klarna Group in the first quarter worth $3,625,000. Bank of America Corp DE boosted its stake in shares of Klarna Group by 3.8% during the 1st quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock valued at $2,534,000 after purchasing an additional 7,134 shares in the last quarter. Royal Bank of Canada increased its position in shares of Klarna Group by 72.1% during the first quarter. Royal Bank of Canada now owns 11,007 shares of the company’s stock valued at $145,000 after buying an additional 4,612 shares during the period. SummitTX Capital L.P. purchased a new stake in Klarna Group in the first quarter worth about $787,000. Finally, Corsair Capital Management L.P. bought a new stake in Klarna Group during the 1st quarter valued at approximately $524,000.

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.