Klarna Group (NYSE:KLAR) Hits New 12-Month Low – Here’s What Happened

Shares of Klarna Group plc (NYSE:KLAR) hit a new 52-week low during trading on Friday . The stock traded as low as $12.25 and last traded at $12.3590, with a volume of 1921220 shares traded. The stock had previously closed at $12.85.

Analysts Set New Price Targets

KLAR has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of 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 began coverage on shares of Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 price target for the company. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Finally, Morgan Stanley decreased their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Eleven investment 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. According to MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Performance

The stock’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $29.10. The firm has a market cap of $4.69 billion and a P/E ratio of -16.13.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data 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). The business had revenue of $0.87 million for the quarter. Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The firm’s revenue was up 38.5% compared to the same quarter last year.

Institutional Trading of Klarna Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAR. Global Retirement Partners LLC lifted its holdings in shares of Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG bought a new stake in Klarna Group during the fourth quarter worth $29,000. US Bancorp DE purchased a new stake in Klarna Group in the 3rd quarter valued at $30,000. BIT Capital GmbH purchased a new stake in Klarna Group in the 3rd quarter valued at $37,000. Finally, Allworth Financial LP bought a new position in Klarna Group during the 3rd quarter valued at $37,000.

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.