Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays

by · The Markets Daily

Equities researchers at Barclays began coverage on shares of Klarna Group (NYSE:KLAR – Get Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating and a $20.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 2.89% from the company’s previous close.

A number of other equities research analysts have also commented on KLAR. Keefe, Bruyette & Woods increased their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. The Goldman Sachs Group lifted their price objective on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Citizens Jmp assumed coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Bank of America boosted their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.61.

Check Out Our Latest Stock Report on Klarna Group

Klarna Group Price Performance

Shares of Klarna Group stock opened at $19.44 on Wednesday. The stock’s 50-day moving average is $16.89 and its 200 day moving average is $18.87. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The firm has a market cap of $7.34 billion and a price-to-earnings ratio of -37.38.

Klarna Group (NYSE:KLAR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 42.7% on a year-over-year basis. On average, sell-side analysts expect that Klarna Group will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KLAR. Compagnie Lombard Odier SCmA increased its holdings in Klarna Group by 43.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after acquiring an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Klarna Group by 44.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Klarna Group by 19.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after purchasing an additional 665 shares during the period. Global Retirement Partners LLC increased its stake in shares of Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Finally, US Bancorp DE bought a new stake in shares of Klarna Group in the third quarter valued at approximately $30,000.

Klarna Group Company Profile

(Get Free Report)

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.

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