Klarna Group (NYSE:KLAR) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Klarna Group (NYSE:KLAR) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company lowered their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Wall Street Zen downgraded shares of Klarna Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods cut their price objective 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. Morgan Stanley reduced 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 research note on Wednesday, February 18th. Finally, Bank of America assumed coverage on shares of Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.94.

Klarna Group Stock Performance

Shares of NYSE:KLAR opened at $13.72 on Tuesday. The business has a fifty day moving average of $14.21 and a 200-day moving average of $25.43. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20. The firm has a market cap of $5.18 billion and a PE ratio of -17.82.

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 firm had revenue of $0.87 million for the quarter. The business’s quarterly revenue was up 38.5% on a year-over-year basis. On average, analysts anticipate that Klarna Group will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

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

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.