Klarna Group (NYSE:KLAR) Rating Lowered to Sell at Wall Street Zen

Klarna Group (NYSE:KLAR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

KLAR has been the topic of a number of other reports. Wells Fargo & Company decreased their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Bank of America began coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. UBS Group lowered their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Morgan Stanley dropped their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Performance

KLAR stock opened at $13.30 on Tuesday. The firm has a market cap of $5.02 billion and a P/E ratio of -17.27. The firm’s fifty day moving average is $17.09 and its 200 day moving average is $28.45. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The business had revenue of $0.87 million during the quarter. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year.

Hedge Funds Weigh In On Klarna Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA lifted its stake in Klarna Group by 43.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after acquiring an additional 500 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Klarna Group by 44.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Klarna Group by 19.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after buying an additional 665 shares in the last quarter. Global Retirement Partners LLC raised its stake in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in Klarna Group in the third quarter worth about $30,000.

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.