Klarna Group plc (NYSE:KLAR) Given Consensus Rating of “Moderate Buy” by Analysts

Klarna Group plc (NYSE:KLAR) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.2353.

A number of analysts have weighed in on KLAR shares. TD Cowen started coverage on shares of Klarna Group in a report on Monday, May 11th. They issued a “hold” rating and a $16.00 price target for the company. BMO Capital Markets lifted their target price on shares of Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods lifted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company decreased their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, Bank of America lifted their price objective on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th.

Institutional Trading of Klarna Group

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new position in Klarna Group during the third quarter worth $46,000. BIT Capital GmbH acquired a new position in Klarna Group during the third quarter worth $37,000. WT Asset Management Ltd acquired a new position in Klarna Group during the third quarter worth $2,016,000. TD Asset Management Inc acquired a new position in Klarna Group during the third quarter worth $4,867,000. Finally, MAI Capital Management acquired a new position in Klarna Group during the third quarter worth $64,000.

Klarna Group Price Performance

Shares of Klarna Group stock opened at $18.72 on Friday. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The firm has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $19.92. The company has a market cap of $7.07 billion and a PE ratio of -36.00.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share 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%. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. Analysts expect that Klarna Group will post 0.04 earnings per share for the current fiscal 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.