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

Wall Street Zen lowered shares of Klarna Group (NYSE:KLARFree Report) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other research analysts have also issued reports on KLAR. Keefe, Bruyette & Woods dropped their price target on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America dropped their target price on Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. UBS Group cut 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. Wells Fargo & Company decreased their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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Klarna Group Price Performance

KLAR stock opened at $13.04 on Friday. The stock’s 50 day moving average price is $26.04. The stock has a market capitalization of $9.36 billion and a price-to-earnings ratio of -16.93. Klarna Group has a fifty-two week low of $13.00 and a fifty-two week high of $57.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC grew 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 valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Klarna Group during the fourth quarter worth approximately $29,000. US Bancorp DE bought a new stake in shares of Klarna Group in the third quarter worth $30,000. BIT Capital GmbH acquired a new stake in Klarna Group in the third quarter valued at $37,000. Finally, Allworth Financial LP bought a new position in Klarna Group during the 3rd quarter valued at $37,000.

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Klarna Group Company Profile

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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.

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Analyst Recommendations for Klarna Group (NYSE:KLAR)

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