Klarna Group (NYSE:KLAR) Price Target Raised to $19.00 at TD Cowen

Klarna Group (NYSE:KLAR) had its target price hoisted by investment analysts at TD Cowen from $17.00 to $19.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential downside of 2.95% from the company’s current price.

KLAR has been the subject of several other reports. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. BMO Capital Markets lifted their target price on Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, June 23rd. 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 research report on Monday, May 18th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.29.

Klarna Group Stock Performance

NYSE:KLAR traded down $0.30 during trading hours on Tuesday, reaching $19.58. The company’s stock had a trading volume of 244,416 shares, compared to its average volume of 5,834,485. The company has a market capitalization of $7.39 billion and a P/E ratio of -37.77. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20. The stock has a 50 day moving average price of $16.78 and a two-hundred day moving average price of $18.94.

Klarna Group (NYSE:KLAR) last posted its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share 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 revenue was up 42.7% on a year-over-year basis. As a group, analysts predict that Klarna Group will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HarbourVest Partners LLC acquired a new stake in shares of Klarna Group during the third quarter worth $184,105,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Klarna Group by 53.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 812,743 shares of the company’s stock worth $23,496,000 after acquiring an additional 283,261 shares during the last quarter. Coatue Management LLC acquired a new stake in Klarna Group during the 3rd quarter worth about $12,095,000. Tudor Investment Corp ET AL purchased a new stake in Klarna Group during the 3rd quarter valued at about $5,681,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Klarna Group by 150.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 150,000 shares of the company’s stock valued at $4,336,000 after purchasing an additional 90,000 shares during the period.

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.