Scotiabank Initiates Coverage on Klarna Group (NYSE:KLAR)

Equities research analysts at Scotiabank began coverage on shares of Klarna Group (NYSE:KLAR) in a report released on Wednesday, Briefing.com reports. The firm set a “sector perform” rating on the stock.

A number of other brokerages have also recently weighed in on KLAR. Keefe, Bruyette & Woods dropped their target price on shares of Klarna Group from $26.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. UBS Group downgraded shares of Klarna Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $16.00 in a research report on Monday, August 24th. Barclays dropped their price objective on shares of Klarna Group from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Thursday, August 13th. Finally, BMO Capital Markets lowered their target price on Klarna Group from $19.00 to $15.00 and set a “market perform” rating for the company in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Klarna Group currently has an average rating of “Hold” and a consensus target price of $30.39.

Klarna Group Stock Down 3.1%

NYSE:KLAR opened at $14.23 on Wednesday. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The company has a market cap of $5.37 billion and a PE ratio of -38.46. The business’s 50 day moving average is $18.30 and its two-hundred day moving average is $16.22.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.56 million. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The firm’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, sell-side analysts expect that Klarna Group will post -0.01 EPS for the current fiscal year.

Insider Activity at Klarna Group

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the acquisition, the chief executive officer directly owned 25,344,322 shares in the company, valued at approximately $364,197,907.14. The trade was a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Klarna Group during the third quarter valued at approximately $30,000. Global Retirement Partners LLC increased its position in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. Leonteq Securities AG bought a new stake in Klarna Group during the 4th quarter valued at $29,000. CWM LLC raised its stake in Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after acquiring an additional 949 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in Klarna Group during the 4th quarter worth $48,000.

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.