Klarna Group plc (NYSE:KLAR) Stock Rated “Hold” by Wall Street Analysts

Shares of Klarna Group plc (NYSE:KLAR) have been assigned an average recommendation of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.44.

A number of brokerages have weighed in on KLAR. Wolfe Research cut shares of Klarna Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 25th. TD Cowen cut their price objective on shares of Klarna Group from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods reduced their target price on shares of Klarna Group from $26.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Sunday, November 1st.

Klarna Group Stock Performance

Shares of KLAR opened at $13.44 on Tuesday. The stock has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $16.05. Klarna Group has a 52-week low of $12.06 and a 52-week high of $38.19. The firm has a market capitalization of $5.07 billion, a PE ratio of -36.33 and a beta of 1.62.

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

Insider Buying and Selling at Klarna Group

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of Klarna Group stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the completion of the transaction, the chief executive officer directly owned 25,344,322 shares of the company’s stock, valued at approximately $364,197,907.14. This represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Klarna Group

Several institutional investors have recently bought and sold shares of KLAR. BlackRock Inc. lifted its stake in Klarna Group by 89.6% in the 2nd quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock valued at $115,335,000 after acquiring an additional 2,693,374 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Klarna Group by 173.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock worth $26,744,000 after acquiring an additional 1,297,200 shares in the last quarter. Amova Asset Management Americas Inc. grew its stake in shares of Klarna Group by 57.8% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,198,554 shares of the company’s stock worth $15,701,000 after acquiring an additional 438,930 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Klarna Group by 47.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company’s stock valued at $15,689,000 after purchasing an additional 385,811 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Klarna Group in the second quarter valued at approximately $11,848,000.

About Klarna Group

Klarna Group is a financial technology company that provides digital payment and shopping services to consumers and merchants. Its offerings include checkout payments, installment plans, and options to pay immediately or at a later date, subject to availability and terms.

The company also operates a shopping app where users can discover products, compare prices, track orders, and manage purchases. For merchants, Klarna provides payment processing and related tools designed to support online and in-store commerce.

Founded in Stockholm in 2005, Klarna serves consumers and businesses across multiple markets in Europe, North America, and other regions.