Klarna Group (NYSE:KLAR) Shares Down 9.1% – What’s Next?

Klarna Group plc (NYSE:KLAR) was down 9.1% on Thursday . The company traded as low as $14.81 and last traded at $14.9410. Approximately 2,651,550 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 5,823,699 shares. The stock had previously closed at $16.43.

Analyst Ratings Changes

KLAR has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Keefe, Bruyette & Woods decreased their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Citigroup lowered their target price on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Bank of America started coverage on Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Trading Up 8.6%

The firm has a market cap of $11.39 billion and a P/E ratio of -20.61. The firm has a 50-day moving average of $21.33.

Institutional Trading of Klarna Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. SC US Ttgp LTD. bought a new position in shares of Klarna Group in the 3rd quarter worth $2,016,821,000. Commonwealth Bank of Australia bought a new stake in Klarna Group in the fourth quarter valued at about $503,243,000. Wellington Management Group LLP acquired a new position in Klarna Group in the third quarter valued at about $348,834,000. Dragoneer Investment Group LLC bought a new position in Klarna Group during the third quarter worth about $303,595,000. Finally, Scge Management L.P. acquired a new position in shares of Klarna Group during the 3rd quarter worth about $193,018,000.

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.