Klarna Group (NYSE:KLAR) Sets New 1-Year Low – What’s Next?

Klarna Group plc (NYSE:KLAR)’s stock price reached a new 52-week low on Friday . The stock 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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. UBS Group cut their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Bank of America started coverage on shares of Klarna Group in a research note on Thursday, March 5th. They set a “buy” rating and a $21.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped 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. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Price Performance

The firm has a market cap of $4.64 billion and a price-to-earnings ratio of -15.95. The company’s 50 day simple moving average is $17.99 and its 200 day simple moving average is $28.98.

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

Institutional Trading of Klarna Group

Hedge funds have recently added to or reduced their stakes in the company. Walmart Inc. acquired a new stake in shares of Klarna Group in the 3rd quarter valued at $87,960,000. WCM Investment Management LLC purchased a new position in Klarna Group in the third quarter valued at $16,040,000. Robeco Institutional Asset Management B.V. acquired a new stake in Klarna Group in the third quarter valued at $2,199,000. ARK Investment Management LLC purchased a new stake in Klarna Group during the 3rd quarter worth about $16,922,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of Klarna Group in the 3rd quarter valued at about $303,595,000.

About Klarna Group

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.