Klarna Group (NYSE:KLAR) Research Coverage Started at Scotiabank

Scotiabank started coverage on shares of Klarna Group (NYSE:KLAR) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The firm issued a sector perform rating and a $16.00 target price on the stock.

A number of other research firms have also weighed in on KLAR. TD Cowen reduced their price objective on Klarna Group from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods dropped their target price on Klarna Group from $26.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Wells Fargo & Company cut their target price on Klarna Group from $26.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. BMO Capital Markets reduced their price target 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.63.

Klarna Group Price Performance

Shares of Klarna Group stock opened at $14.51 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 cap of $5.48 billion and a price-to-earnings ratio of -39.22. The company has a 50-day moving average of $18.01 and a 200 day moving average of $16.16.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.56 million. The company’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts anticipate that Klarna Group will post -0.01 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sebastian Siemiatkowski bought 692,506 shares of the stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the completion of the acquisition, the chief executive officer owned 25,344,322 shares in the company, valued at $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 SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Klarna Group

Institutional investors have recently made changes to their positions in the business. Commonwealth Bank of Australia purchased a new position in shares of Klarna Group during the 4th quarter worth $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group in the 3rd quarter worth $348,834,000. BlackRock Inc. raised its holdings in Klarna Group by 89.6% in the 2nd 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 during the period. Scge Management L.P. purchased a new position in Klarna Group during the third quarter valued at $193,018,000. Finally, MIC Capital Management UK LLP purchased a new position in Klarna Group during the third quarter valued at $99,502,000.

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.