Klarna Group (NYSE:KLAR) Upgraded at Freedom Capital

Klarna Group (NYSE:KLAR) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently issued reports on KLAR. Wells Fargo & Company cut their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America increased their price target on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. Morgan Stanley boosted their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Finally, BMO Capital Markets increased their target price on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.35.

Klarna Group Stock Up 3.8%

Shares of Klarna Group stock opened at $19.09 on Wednesday. The firm has a market cap of $7.21 billion and a price-to-earnings ratio of -36.71. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The company’s 50-day simple moving average is $16.02 and its 200-day simple moving average is $19.48.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The business’s revenue for the quarter was up 42.7% on a year-over-year basis. Equities research analysts anticipate that Klarna Group will post 0.04 EPS for the current year.

Institutional Trading of Klarna Group

Several large investors have recently modified their holdings of KLAR. SC US Ttgp LTD. acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $2,016,821,000. Commonwealth Bank of Australia purchased a new stake in shares of Klarna Group in the fourth quarter valued at $503,243,000. Wellington Management Group LLP acquired a new stake in shares of Klarna Group during the third quarter valued at $348,834,000. Scge Management L.P. purchased a new stake in Klarna Group during the 3rd quarter worth about $193,018,000. Finally, HarbourVest Partners LLC purchased a new stake in Klarna Group during the 3rd quarter worth about $184,105,000.

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.