Klarna Group (NYSE:KLAR) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Klarna Group (NYSE:KLAR) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm issued a market perform rating and a $16.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley cut their target price on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Keefe, Bruyette & Woods cut their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, UBS Group lowered their price target 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. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.94.

Klarna Group Trading Up 2.0%

Klarna Group stock opened at $14.85 on Wednesday. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The company has a market cap of $5.61 billion and a PE ratio of -19.28. The company’s 50-day moving average is $14.29 and its two-hundred day moving average is $25.51.

Klarna Group (NYSE:KLAR) last released its earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The business had revenue of $0.87 million for the quarter. The business’s quarterly revenue was up 38.5% compared to the same quarter last year. Research analysts forecast that Klarna Group will post 0.05 EPS for the current year.

Institutional Trading of Klarna Group

Large investors have recently bought and sold shares of the business. Walmart Inc. bought a new stake in Klarna Group during the 3rd quarter worth approximately $87,960,000. WCM Investment Management LLC bought a new stake in Klarna Group during the 3rd quarter worth approximately $16,040,000. Robeco Institutional Asset Management B.V. bought a new stake in Klarna Group during the 3rd quarter worth approximately $2,199,000. ARK Investment Management LLC bought a new stake in Klarna Group during the 3rd quarter worth approximately $16,922,000. Finally, Dragoneer Investment Group LLC bought a new stake in Klarna Group during the 3rd quarter worth approximately $303,595,000.

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.