Klarna Group (NYSE:KLAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Klarna Group (NYSE:KLAR) from a sell rating to a hold rating in a report released on Monday.

A number of other brokerages also recently issued reports on KLAR. UBS Group cut their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Keefe, Bruyette & Woods decreased their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Wells Fargo & Company lowered their price objective on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Price Performance

KLAR opened at $12.93 on Monday. The stock has a market capitalization of $4.88 billion and a price-to-earnings ratio of -16.79. The company has a 50-day moving average of $18.64. Klarna Group has a 1 year low of $12.50 and a 1 year high of $57.20.

Institutional Trading of Klarna Group

Large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. acquired a new position in Klarna Group during the 3rd quarter valued at approximately $2,199,000. SG Americas Securities LLC acquired a new position in shares of Klarna Group in the 3rd quarter valued at $868,000. Walmart Inc. purchased a new position in Klarna Group in the 3rd quarter worth $87,960,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Klarna Group during the 3rd quarter worth about $19,406,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Klarna Group during the 3rd quarter valued at about $295,000.

Klarna Group Company Profile

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.