Klarna Group (NYSE:KLAR) Hits New 1-Year Low – Should You Sell?
by Mitch Edgeman · The Markets DailyKlarna Group plc (NYSE:KLAR – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $23.06 and last traded at $22.9250, with a volume of 4262873 shares trading hands. The stock had previously closed at $24.14.
Wall Street Analysts Forecast Growth
KLAR has been the topic of several recent analyst reports. Wolfe Research dropped their target price on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price target on shares of Klarna Group from $52.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 2nd. Wells Fargo & Company started coverage on Klarna Group in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Klarna Group from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Finally, Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and an average price target of $46.60.
Check Out Our Latest Report on KLAR
Klarna Group Price Performance
The firm’s 50 day moving average price is $29.61. The firm has a market cap of $16.49 billion and a price-to-earnings ratio of -35.34.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of KLAR. Walmart Inc. acquired a new stake in Klarna Group during the third quarter worth approximately $87,960,000. Dragoneer Investment Group LLC acquired a new stake in shares of Klarna Group in the 3rd quarter worth about $303,595,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Klarna Group in the third quarter valued at approximately $2,199,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Klarna Group during the 3rd quarter worth $19,406,000. Finally, SG Americas Securities LLC bought a new stake in Klarna Group in the 3rd quarter worth about $868,000.
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.