Klarna Group (NYSE:KLAR) Hits New 1-Year Low – Should You Sell?

Shares of Klarna Group plc (NYSE:KLAR) hit a new 52-week low during trading on Friday . The company traded as low as $12.25 and last traded at $12.3590, with a volume of 1921220 shares trading hands. The stock had previously closed at $12.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wells Fargo & Company decreased their price target on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Monday. 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, the stock has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Price Performance

The firm has a market capitalization of $4.69 billion and a P/E ratio of -16.13. The company has a fifty day moving average of $18.32 and a 200 day moving average of $29.10.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The firm had revenue of $0.87 million for the quarter. Klarna Group’s revenue for the quarter was up 38.5% on a year-over-year basis.

Institutional Trading of Klarna Group

A number of institutional investors have recently bought and sold shares of KLAR. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Klarna Group during the 4th quarter worth about $72,323,000. Delta Global Management LP bought a new stake in shares of Klarna Group during the 4th quarter valued at about $2,308,000. XTX Topco Ltd grew its stake in Klarna Group by 132.8% during the fourth quarter. XTX Topco Ltd now owns 87,353 shares of the company’s stock worth $2,525,000 after purchasing an additional 49,837 shares during the period. Prana Capital Management LP bought a new stake in Klarna Group in the fourth quarter worth approximately $629,000. Finally, Quadrature Capital Ltd bought a new stake in Klarna Group in the fourth quarter worth approximately $1,120,000.

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.