Klarna Group (NYSE:KLAR) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Klarna Group (NYSE:KLAR) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently commented on KLAR. Keefe, Bruyette & Woods decreased their target price on shares of Klarna Group from $26.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. The Goldman Sachs Group lifted their price target on Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 9th. TD Cowen reduced their price objective on Klarna Group from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, August 19th. Wells Fargo & Company lowered their target price on Klarna Group from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Finally, Citizens Jmp began coverage on Klarna Group in a research note on Tuesday, June 30th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klarna Group presently has an average rating of “Hold” and an average target price of $30.39.

Klarna Group Stock Performance

KLAR stock opened at $14.67 on Friday. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The stock has a market capitalization of $5.54 billion and a price-to-earnings ratio of -39.65. The stock’s fifty day moving average is $18.36 and its two-hundred day moving average is $16.26.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $992.56 million. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, analysts predict that Klarna Group will post -0.01 EPS for the current fiscal year.

Insider Activity at Klarna Group

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the purchase, the chief executive officer owned 25,344,322 shares of the company’s stock, valued at approximately $364,197,907.14. This trade represents a 2.81% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KLAR. Global Retirement Partners LLC lifted its stake in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new position in Klarna Group during the 4th quarter valued at about $29,000. US Bancorp DE acquired a new position in shares of Klarna Group in the 3rd quarter valued at about $30,000. CWM LLC increased its holdings in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after purchasing an additional 949 shares during the period. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Klarna Group in the fourth quarter worth approximately $48,000.

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.