Klarna Group plc (NYSE:KLAR) Stock Has Consensus Target Price of $27.79

Klarna Group plc (NYSE:KLAR) has received an average rating of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $27.79.

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Klarna Group from $21.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Keefe, Bruyette & Woods reduced their price objective on Klarna Group from $26.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. UBS Group cut 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 note on Monday, August 24th. Finally, Loop Capital began coverage on Klarna Group in a report on Wednesday, September 9th. They issued a “hold” rating and a $18.00 target price on the stock.

Klarna Group Trading Down 0.8%

KLAR opened at $12.77 on Monday. The company has a market cap of $4.82 billion and a price-to-earnings ratio of -34.50. The stock has a fifty day simple moving average of $16.24 and a two-hundred day simple moving average of $16.07. Klarna Group has a 12-month low of $12.06 and a 12-month high of $44.75.

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

Insider Transactions at Klarna Group

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the transaction, the chief executive officer owned 25,344,322 shares of the company’s stock, valued at $364,197,907.14. This trade represents a 2.81% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Klarna Group

Institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia purchased a new stake in Klarna Group in the 4th quarter worth approximately $503,243,000. BlackRock Inc. increased its stake in shares of Klarna Group by 89.6% in the second quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock worth $115,335,000 after purchasing an additional 2,693,374 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Klarna Group during the 4th quarter valued at $72,323,000. Norges Bank purchased a new stake in Klarna Group in the 4th quarter worth $51,384,000. Finally, Moore Capital Management LP bought a new stake in Klarna Group during the fourth quarter valued at about $28,746,000.

Klarna Group Company Profile

Klarna Group plc is a financial technology company that provides digital payments and shopping services for consumers and merchants. Its offerings include flexible payment options such as pay now, pay later and installment plans, along with digital checkout tools designed to help merchants accept and manage online and in-store transactions.

The company also operates a consumer shopping platform and mobile application that allow users to search for products, compare offerings, make purchases and manage payments.