Klarna Group (NYSE:KLAR) Lowered 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 released on Tuesday.

KLAR has been the subject of several other research reports. Keefe, Bruyette & Woods reduced their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. UBS Group decreased their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Morgan Stanley dropped their target price on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Wells Fargo & Company dropped their price objective 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 equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Trading Up 1.6%

KLAR stock opened at $12.47 on Tuesday. The company has a market capitalization of $4.71 billion and a P/E ratio of -16.19. The business has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $28.77. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20.

Klarna Group (NYSE:KLAR) last issued 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 company’s quarterly revenue was up 38.5% compared to the same quarter last year.

Hedge Funds Weigh In On Klarna Group

A number of large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the period. Leonteq Securities AG acquired a new stake in shares of Klarna Group in the fourth quarter valued at about $29,000. US Bancorp DE purchased a new stake in shares of Klarna Group during the third quarter valued at approximately $30,000. BIT Capital GmbH purchased a new stake in Klarna Group during the 3rd quarter worth $37,000. Finally, Allworth Financial LP purchased a new stake in shares of Klarna Group during the third quarter worth 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.