Klarna Group plc (NYSE:KLAR) Receives $33.24 Consensus Price Target from Analysts

Klarna Group plc (NYSE:KLAR) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.2353.

KLAR has been the subject of several recent analyst reports. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Keefe, Bruyette & Woods raised their target price on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. UBS Group decreased their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Bank of America raised their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, May 18th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC acquired a new position in shares of Klarna Group during the third quarter valued at about $16,922,000. HarbourVest Partners LLC purchased a new position in Klarna Group in the third quarter valued at approximately $184,105,000. Technology Crossover Management X Ltd. purchased a new stake in shares of Klarna Group during the 3rd quarter valued at approximately $140,910,000. Monashee Investment Management LLC purchased a new stake in shares of Klarna Group in the third quarter worth about $3,665,000. Finally, DNB Asset Management AS purchased a new stake in shares of Klarna Group in the third quarter worth about $18,464,000.

Klarna Group Stock Performance

Shares of NYSE KLAR opened at $17.88 on Friday. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The firm has a 50 day moving average price of $15.43 and a two-hundred day moving average price of $20.01. The stock has a market cap of $6.75 billion and a P/E ratio of -34.38.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Analysts predict that Klarna Group will post 0.04 earnings per share for the current fiscal year.

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.