Wall Street Zen Upgrades Klarna Group (NYSE:KLAR) to “Hold”

Klarna Group (NYSE:KLAR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

KLAR has been the topic of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Bank of America assumed coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. UBS Group lowered their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Morgan Stanley dropped their target price on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Klarna Group has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Price Performance

Klarna Group stock opened at $12.54 on Monday. The company has a market cap of $4.73 billion and a PE ratio of -16.28. Klarna Group has a 52-week low of $12.50 and a 52-week high of $57.20. The stock’s 50 day simple moving average is $19.66.

Institutional Trading of Klarna Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE purchased a new stake in Klarna Group in the third quarter worth $30,000. Global Retirement Partners LLC increased its position 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 during the period. BIT Capital GmbH bought a new position in Klarna Group in the 3rd quarter worth $37,000. Allworth Financial LP bought a new stake in shares of Klarna Group during the 3rd quarter valued at about $37,000. Finally, Leonteq Securities AG bought a new position in Klarna Group in the fourth quarter worth about $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.