Loop Capital Initiates Coverage on Klarna Group (NYSE:KLAR)

Equities research analysts at Loop Capital assumed coverage on shares of Klarna Group (NYSE:KLAR) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a “hold” rating and a $18.00 price target on the stock. Loop Capital’s target price indicates a potential upside of 28.09% from the stock’s previous close.

Several other research analysts also recently weighed in on KLAR. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Bank of America boosted their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Keefe, Bruyette & Woods reduced their target price on Klarna Group from $26.00 to $21.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Scotiabank began coverage on Klarna Group in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $16.00 price target on the stock. Finally, Morgan Stanley dropped their price target on Klarna Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Klarna Group has an average rating of “Hold” and an average target price of $29.05.

Klarna Group Price Performance

Shares of KLAR traded down $0.21 during trading hours on Wednesday, hitting $14.05. 885,329 shares of the company were exchanged, compared to its average volume of 5,856,692. The company has a market capitalization of $5.31 billion and a PE ratio of -37.70. The firm has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $16.08. Klarna Group has a one year low of $12.06 and a one year high of $57.20.

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

Insider Activity

In related news, CEO Sebastian Siemiatkowski bought 692,506 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought 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 directly owned 25,344,322 shares of the company’s stock, valued at approximately $364,197,907.14. This represents a 2.81% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Klarna Group

Several hedge funds and other institutional investors have recently modified their holdings of KLAR. 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 valued at $117,000 after purchasing an additional 665 shares during the last quarter. Global Retirement Partners LLC increased its position 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 purchasing an additional 800 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Klarna Group during the 3rd quarter worth about $30,000. Leonteq Securities AG purchased a new stake in shares of Klarna Group during the 4th quarter worth about $29,000. Finally, Sandia Investment Management LP lifted its holdings in shares of Klarna Group by 12.8% during the 4th quarter. Sandia Investment Management LP now owns 12,404 shares of the company’s stock valued at $359,000 after buying an additional 1,404 shares during the last quarter.

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.