Klarna Group (NYSE:KLAR) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Klarna Group (KLAR) from "hold" to "sell."
• Despite the downgrade, analysts collectively rate the stock a "Moderate Buy" (11 Buys, 6 Holds, 1 Sell) with a consensus price target of $38.33, though several firms recently cut their targets.
• Shares opened at $15.87 (trading up ~8.6%), the company has a market cap of $11.39 billion, a negative P/E of -20.61, and a 52-week range of $12.50–$57.20.

Klarna Group (NYSE:KLAR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Several other brokerages also recently issued reports on KLAR. Citigroup reduced their price target on shares of Klarna Group from $58.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, November 20th. UBS Group reduced their target price 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. Wolfe Research lowered their price target on shares of Klarna Group from $50.00 to $45.00 and set an "outperform" rating for the company in a report on Wednesday, November 19th. Wells Fargo & Company dropped their price objective on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Finally, Bank of America began coverage on Klarna Group in a research report on Thursday, March 5th. They issued a "buy" rating and a $21.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Klarna Group Trading Up 8.6%

Shares of KLAR opened at $15.87 on Friday. The company has a market cap of $11.39 billion and a P/E ratio of -20.61. The company has a fifty day simple moving average of $21.33. Klarna Group has a 52-week low of $12.50 and a 52-week high of $57.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE bought a new stake in Klarna Group in the third quarter valued at approximately $30,000. Global Retirement Partners LLC grew its holdings 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 buying an additional 800 shares during the period. BIT Capital GmbH bought a new stake in shares of Klarna Group in the 3rd quarter valued at $37,000. Allworth Financial LP acquired a new stake in Klarna Group during the 3rd quarter worth $37,000. Finally, Leonteq Securities AG bought a new position in Klarna Group during the fourth quarter worth about $29,000.

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.

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