Klarna Group (NYSE:KLAR) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Klarna Group (NYSE:KLAR) announced its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12, Briefing.com reports. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.Klarna Group’s revenue was up 42.7% on a year-over-year basis.

Klarna Group Stock Performance

KLAR stock opened at $15.18 on Wednesday. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The business’s 50 day moving average price is $14.08 and its two-hundred day moving average price is $22.52. The company has a market capitalization of $5.73 billion and a price-to-earnings ratio of -29.18.

Institutional Trading of Klarna Group

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in Klarna Group in the 3rd quarter valued at approximately $348,834,000. Scge Management L.P. bought a new position in Klarna Group in the 3rd quarter valued at approximately $193,018,000. MIC Capital Management UK LLP bought a new position in Klarna Group in the 3rd quarter valued at approximately $99,502,000. Balyasny Asset Management L.P. lifted its holdings in shares of Klarna Group by 322.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,162,484 shares of the company’s stock valued at $62,517,000 after buying an additional 1,650,660 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Klarna Group during the 3rd quarter valued at $55,843,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley lifted their price target on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday. UBS Group dropped their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. TD Cowen assumed coverage on Klarna Group in a research note on Monday, May 11th. They set a “hold” rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.24.

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.