Klarna Group plc (NYSE:KLAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Klarna Group plc (NYSE:KLAR) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $33.2353.

KLAR has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Klarna Group from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday. The Goldman Sachs Group lifted their target price on Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley lifted their target price on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods lifted 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. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Klarna Group Trading Up 2.7%

Shares of NYSE KLAR opened at $15.59 on Tuesday. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20. The stock has a 50 day moving average of $14.05 and a 200-day moving average of $22.68. The company has a market capitalization of $5.88 billion and a P/E ratio of -29.97.

Klarna Group (NYSE:KLAR) last issued its earnings results on Tuesday, May 12th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.64% and a negative net margin of 5.21%.The company had revenue of $839.00 million during the quarter, compared to the consensus estimate of $940.90 million. Klarna Group’s quarterly revenue was up 42.7% compared to the same quarter last year. Analysts predict that Klarna Group will post -0.12 EPS for the current fiscal year.

Institutional Trading of Klarna Group

Several institutional investors have recently added to or reduced their stakes in KLAR. SG Americas Securities LLC bought a new stake in Klarna Group in the 3rd quarter valued at $868,000. Wealth Enhancement Advisory Services LLC bought a new stake in Klarna Group in the 3rd quarter valued at $295,000. Emerald Mutual Fund Advisers Trust bought a new stake in Klarna Group in the 3rd quarter valued at $628,000. TD Waterhouse Canada Inc. bought a new stake in Klarna Group in the 3rd quarter valued at $43,000. Finally, Jones Financial Companies Lllp bought a new stake in Klarna Group in the 3rd quarter valued at $46,000.

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.