Klarna Group (NYSE:KLAR) Sees Unusually-High Trading Volume – What’s Next?

Klarna Group plc (NYSE:KLARGet Free Report) shares saw strong trading volume on Friday . 3,893,813 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 4,476,209 shares.The stock last traded at $13.6880 and had previously closed at $13.85.

Klarna Group News Summary

Here are the key news stories impacting Klarna Group this week:

Analyst Ratings Changes

Several brokerages recently commented on KLAR. JPMorgan Chase & Co. reduced 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 report on Friday. Citigroup reduced their target price on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Bank of America lowered their price target on Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Wells Fargo & Company dropped their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wolfe Research decreased their price objective on Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. 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. Based on data from MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Get Our Latest Stock Analysis on Klarna Group

Klarna Group Price Performance

The stock has a 50-day moving average price of $26.04. The stock has a market capitalization of $9.36 billion and a P/E ratio of -16.93.

Hedge Funds Weigh In On Klarna Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLAR. US Bancorp DE acquired a new stake in Klarna Group in the third quarter valued at approximately $30,000. Global Retirement Partners LLC lifted its stake in shares of Klarna Group by 800.0% in 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 during the last quarter. BIT Capital GmbH bought a new stake in Klarna Group in the third quarter worth $37,000. Allworth Financial LP acquired a new position in Klarna Group during the third quarter worth $37,000. Finally, Leonteq Securities AG bought a new position in Klarna Group during the fourth quarter valued at about $29,000.

About Klarna Group

(Get Free Report)

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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