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

Klarna Group plc (NYSE:KLAR) has been assigned an average rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.1111.

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. The Goldman Sachs Group increased their price objective on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised their target price on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Institutional Trading of Klarna Group

Several institutional investors have recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new stake in shares of Klarna Group in the second quarter valued at about $539,000. Atwood & Palmer Inc. purchased a new position in Klarna Group during the second quarter worth about $86,000. FNY Investment Advisers LLC purchased a new position in Klarna Group during the second quarter worth about $303,000. Militia Capital Management LLC bought a new stake in Klarna Group in the 1st quarter worth about $3,625,000. Finally, Bank of America Corp DE increased its stake in Klarna Group by 3.8% in the 1st quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock valued at $2,534,000 after buying an additional 7,134 shares during the last quarter.

Klarna Group Trading Up 1.9%

Klarna Group stock opened at $19.63 on Wednesday. Klarna Group has a 1-year low of $12.06 and a 1-year high of $57.20. The firm has a market capitalization of $7.41 billion and a price-to-earnings ratio of -37.75. The firm’s fifty day moving average price is $17.45 and its two-hundred day moving average price is $18.47.

Klarna Group (NYSE:KLAR) last posted its earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 42.7% compared to the same quarter last year. On average, research analysts forecast that Klarna Group will post 0.04 EPS for the current year.

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.