Klarna Group (NYSE:KLAR) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of Klarna Group (NYSE:KLAR) in a research report released on Monday morning, MarketBeat reports. The firm issued a hold rating and a $16.00 price objective on the stock.

KLAR has been the topic of a number of other research reports. UBS Group reduced their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. 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 report on Wednesday, February 18th. Bank of America assumed coverage on Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. BMO Capital Markets assumed coverage on Klarna Group in a report on Wednesday, April 22nd. They issued a “market perform” rating and a $16.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klarna Group currently has an average rating of “Moderate Buy” and a consensus price target of $35.71.

Klarna Group Stock Down 3.4%

KLAR stock opened at $13.66 on Monday. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock’s fifty day simple moving average is $13.92 and its 200-day simple moving average is $23.17. The stock has a market capitalization of $5.16 billion and a price-to-earnings ratio of -17.74.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) 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 for the quarter. The business’s revenue was up 38.5% on a year-over-year basis. As a group, analysts anticipate that Klarna Group will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KLAR. Global Retirement Partners LLC raised its position in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Leonteq Securities AG purchased a new position in Klarna Group in the fourth quarter valued at about $29,000. US Bancorp DE purchased a new position in Klarna Group in the third quarter valued at about $30,000. BIT Capital GmbH purchased a new position in Klarna Group in the third quarter valued at about $37,000. Finally, Allworth Financial LP purchased a new position in Klarna Group in the third quarter valued at about $37,000.

Klarna Group Company Profile

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.