Klarna Group (NYSE:KLAR) Cut to “Sell” at Wall Street Zen

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

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Bank of America began coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Wolfe Research lowered their price target on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Performance

NYSE:KLAR opened at $14.81 on Friday. Klarna Group has a 12-month low of $12.50 and a 12-month high of $57.20. The stock has a market capitalization of $10.63 billion and a price-to-earnings ratio of -19.24. The company has a fifty day moving average of $20.74.

Institutional Trading of Klarna Group

Several large investors have recently bought and sold shares of KLAR. Compagnie Lombard Odier SCmA raised its stake in shares of Klarna Group by 43.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock valued at $48,000 after purchasing an additional 500 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Klarna Group by 19.6% during the 4th 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 in the last quarter. Global Retirement Partners LLC increased its stake in Klarna Group by 800.0% during 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 during the period. Finally, US Bancorp DE purchased a new stake in Klarna Group during the 3rd quarter worth $30,000.

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.