Klarna Group (NYSE:KLAR) Shares Gap Up – What’s Next?

Klarna Group plc (NYSE:KLAR) shares gapped up before the market opened on Friday . The stock had previously closed at $14.62, but opened at $15.57. Klarna Group shares last traded at $16.3880, with a volume of 2,457,687 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Wall Street Zen cut Klarna Group from a “hold” rating to a “sell” rating in a research report on Sunday. Wells Fargo & Company dropped their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Bank of America initiated coverage on Klarna Group in a research note on Thursday, March 5th. They set a “buy” rating and a $21.00 price target for the company. Finally, UBS Group reduced their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Eleven research 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 data from MarketBeat.com, Klarna Group has an average rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Stock Performance

The firm has a market capitalization of $11.39 billion and a PE ratio of -20.61. The firm’s 50-day simple moving average is $21.33.

Institutional Trading of Klarna Group

Several hedge funds have recently bought and sold shares of KLAR. US Bancorp DE purchased a new stake in Klarna Group in the third quarter worth about $30,000. Global Retirement Partners LLC lifted its position in shares of 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 buying an additional 800 shares in the last quarter. BIT Capital GmbH purchased a new position in shares of Klarna Group during the 3rd quarter valued at about $37,000. Allworth Financial LP bought a new position in shares of Klarna Group during the 3rd quarter valued at approximately $37,000. Finally, Leonteq Securities AG purchased a new stake in Klarna Group in the 4th quarter worth approximately $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.