Klarna Group (NYSE:KLAR) Shares Gap Up – Should You Buy?

Klarna Group plc (NYSE:KLAR) gapped up prior to trading on Wednesday . The stock had previously closed at $20.24, but opened at $21.99. Klarna Group shares last traded at $21.3580, with a volume of 3,063,826 shares.

Wall Street Analysts Forecast Growth

KLAR has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Keefe, Bruyette & Woods upped their price objective on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. TD Cowen started 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. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.35.

Klarna Group Trading Up 2.2%

The company has a market cap of $7.81 billion and a P/E ratio of -40.00. The business’s fifty day moving average is $16.35 and its 200 day moving average is $19.25.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The company’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, research analysts expect that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KLAR. TD Asset Management Inc purchased a new stake in Klarna Group in the 3rd quarter worth about $4,867,000. MAI Capital Management purchased a new stake in Klarna Group during the third quarter valued at about $64,000. US Bancorp DE bought a new position in Klarna Group during the third quarter worth about $30,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Klarna Group in the third quarter worth about $4,115,000. Finally, ARK Investment Management LLC purchased a new position in shares of Klarna Group in the third quarter worth about $16,922,000.

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.