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

Shares of Klarna Group plc (NYSE:KLAR) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $38.3333.

A number of research analysts recently commented on the company. Morgan Stanley reduced their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Wells Fargo & Company cut their price objective on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Keefe, Bruyette & Woods reduced their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Bank of America began coverage on Klarna Group in a report on Thursday, March 5th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On Klarna Group

Institutional investors have recently made changes to their positions in the business. US Bancorp DE bought a new position in shares of Klarna Group during the 3rd quarter valued at $30,000. Global Retirement Partners LLC lifted 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 purchasing an additional 800 shares during the last quarter. BIT Capital GmbH purchased a new stake in Klarna Group during the third quarter valued at about $37,000. Allworth Financial LP bought a new position in shares of Klarna Group during the third quarter valued at about $37,000. Finally, Leonteq Securities AG bought a new position in shares of Klarna Group during the fourth quarter valued at about $29,000.

Klarna Group Price Performance

Shares of Klarna Group stock opened at $12.28 on Monday. Klarna Group has a 1 year low of $12.18 and a 1 year high of $57.20. The firm has a market cap of $4.64 billion and a PE ratio of -15.95. The company has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $28.98.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.87 million during the quarter. The business’s revenue for the quarter was up 38.5% on a year-over-year basis.

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.