Klarna Group (NYSE:KLAR) Downgraded by Wall Street Zen to Sell

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

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. UBS Group reduced their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wolfe Research decreased their target price on Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Bank of America assumed coverage on Klarna Group in a research note on Thursday, March 5th. They set a “buy” rating and a $21.00 target price for the company. Finally, Citigroup cut their price target on Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Klarna Group currently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Stock Performance

Shares of KLAR opened at $15.87 on Friday. Klarna Group has a fifty-two week low of $12.50 and a fifty-two week high of $57.20. The business’s 50 day simple moving average is $21.33. The stock has a market cap of $11.39 billion and a P/E ratio of -20.61.

Institutional Investors Weigh In On Klarna Group

Several institutional investors have recently modified their holdings of KLAR. Robeco Institutional Asset Management B.V. acquired a new position in shares of Klarna Group during the third quarter worth $2,199,000. SG Americas Securities LLC acquired a new stake in Klarna Group in the third quarter valued at $868,000. Walmart Inc. purchased a new stake in Klarna Group during the 3rd quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Klarna Group during the 3rd quarter worth about $19,406,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Klarna Group during the 3rd quarter worth 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.