Klarna Group (NYSE:KLAR) Sets New 52-Week Low – Should You Sell?

Shares of Klarna Group plc (NYSE:KLAR) reached a new 52-week low on Monday . The company traded as low as $20.10 and last traded at $20.1390, with a volume of 128035 shares trading hands. The stock had previously closed at $20.52.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KLAR shares. Keefe, Bruyette & Woods lowered their price target on shares of Klarna Group from $52.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on shares of Klarna Group from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Morgan Stanley decreased their price target on Klarna Group from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, Wells Fargo & Company initiated coverage on Klarna Group in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $45.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.60.

Klarna Group Stock Performance

The company has a market capitalization of $14.73 billion and a price-to-earnings ratio of -31.80. The company’s fifty day moving average price is $28.69.

Institutional Trading of Klarna Group

Several hedge funds have recently modified their holdings of KLAR. SC US Ttgp LTD. purchased a new position in shares of Klarna Group in the third quarter valued at $2,016,821,000. Wellington Management Group LLP bought a new position in Klarna Group during the third quarter valued at $348,834,000. Dragoneer Investment Group LLC purchased a new position in shares of Klarna Group in the 3rd quarter worth $303,595,000. Scge Management L.P. bought a new stake in shares of Klarna Group in the 3rd quarter worth about $193,018,000. Finally, HarbourVest Partners LLC purchased a new stake in shares of Klarna Group during the 3rd quarter valued at about $184,105,000.

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.