Carnegie lowers its fair value for technology company Checkin.com to SEK 23-44 per share from SEK 33-47. This is according to an assignment analysis.

Carnegie writes that the potential ahead is clear, but that an acceleration is needed in the second half of the year to regain credibility.

"After a few underwhelming quarters, we believe a sales acceleration is crucial to restore credibility, but we find it hard to ignore that partners like Ryanair, Klarna and Stake.com, all among the market leaders in their verticals, indicate that Checkin's software creates value for customers," Carnegie writes.

The share is down 4.6 percent to SEK 22.80.