Klarna Group plc’s Lock-Up Period To End on March 9th (NYSE:KLAR)

Klarna Group’s (NYSE:KLAR) lock-up period is set to end on Monday, March 9th. Klarna Group had issued 34,311,274 shares in its public offering on September 10th. The total size of the offering was $1,372,450,960 based on an initial share price of $40.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KLAR shares. Wells Fargo & Company decreased their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Morgan Stanley reduced their price target on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen downgraded Klarna Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. UBS Group dropped their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Citigroup decreased their price target on Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.00.

Klarna Group Stock Up 0.6%

Shares of KLAR opened at $13.34 on Wednesday. The business has a fifty day moving average price of $23.69. Klarna Group has a twelve month low of $12.50 and a twelve month high of $57.20. The stock has a market cap of $9.58 billion and a price-to-earnings ratio of -17.33.

Institutional Inflows and Outflows

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

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.