Klarna Group (NYSE:KLAR) Downgraded to “Sell” Rating by Wall Street Zen

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

KLAR has been the topic of a number of other reports. UBS Group dropped their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. reduced their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Morgan Stanley decreased their price objective on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Finally, Wells Fargo & Company decreased their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Stock Performance

KLAR stock opened at $12.47 on Tuesday. The stock has a market capitalization of $4.71 billion and a price-to-earnings ratio of -16.19. The stock’s fifty day moving average is $17.66 and its two-hundred day moving average is $28.77. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KLAR. Robeco Institutional Asset Management B.V. acquired a new position in Klarna Group during the third quarter valued at approximately $2,199,000. SG Americas Securities LLC bought a new position in Klarna Group in the 3rd quarter worth approximately $868,000. Walmart Inc. acquired a new position in shares of Klarna Group during the third quarter worth approximately $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Klarna Group in the 3rd quarter valued at $19,406,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Klarna Group in the third quarter valued at about $295,000.

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.