Klarna Group (NYSE:KLAR) Hits New 52-Week Low – What’s Next?

Klarna Group plc (NYSE:KLAR) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $12.50 and last traded at $13.9840, with a volume of 10304380 shares. The stock had previously closed at $12.82.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Citigroup dropped their price objective on Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Morgan Stanley reduced their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Keefe, Bruyette & Woods decreased their price target on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Wolfe Research cut their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Klarna Group Stock Down 5.4%

The business has a 50-day moving average price of $24.74. The firm has a market cap of $10.15 billion and a price-to-earnings ratio of -18.36.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its stake 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 buying an additional 800 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Klarna Group during the 4th quarter worth $29,000. US Bancorp DE bought a new stake in shares of Klarna Group during the 3rd quarter worth $30,000. BIT Capital GmbH purchased a new position in Klarna Group in the third quarter worth $37,000. Finally, Allworth Financial LP purchased a new stake in Klarna Group during the third quarter valued at about $37,000.

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.