Klarna Group (NYSE:KLAR) Shares Down 6.1% – Time to Sell?

Klarna Group plc (NYSE:KLAR) shares traded down 6.1% during mid-day trading on Monday . The stock traded as low as $19.60 and last traded at $19.5260. 887,765 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,391,641 shares. The stock had previously closed at $20.79.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KLAR. Deutsche Bank Aktiengesellschaft increased their target price on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Citizens Jmp initiated coverage on Klarna Group in a research report on Tuesday, June 30th. They set a “market perform” rating for the company. Freedom Capital raised Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average target price of $32.28.

Klarna Group Stock Down 7.1%

The firm has a market cap of $7.29 billion and a price-to-earnings ratio of -37.26. The company has a 50-day moving average price of $18.90 and a 200 day moving average price of $16.85.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating 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 company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities analysts forecast that Klarna Group plc will post 0.05 EPS for the current year.

Institutional Trading of Klarna Group

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Bank of Australia acquired a new stake in shares of Klarna Group during the fourth quarter worth approximately $503,243,000. Wellington Management Group LLP acquired a new position in Klarna Group in the 3rd quarter valued at approximately $348,834,000. BlackRock Inc. lifted its position in Klarna Group by 89.6% in the 2nd quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock worth $115,335,000 after buying an additional 2,693,374 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of Klarna Group during the 3rd quarter valued at $193,018,000. Finally, MIC Capital Management UK LLP acquired a new stake in shares of Klarna Group during the 3rd quarter valued at $99,502,000.

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.