Klarna Group (NYSE:KLAR) Reaches New 1-Year Low - What's Next?

Key Points

• KLAR hit a new 52‑week low, trading as low as $12.50 (last $12.54) and down about 6.5%, leaving the company with a market cap near $9.0 billion.
• Major brokerages sharply cut price targets — UBS and JPMorgan trimmed targets to $20 (others cut as well), though the consensus rating remains "Moderate Buy" with an average target of $38.33.

Klarna Group plc (NYSE:KLAR - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $12.50 and last traded at $12.5370, with a volume of 5991089 shares trading hands. The stock had previously closed at $13.41.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KLAR. UBS Group cut their target price on Klarna Group from $46.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of Klarna Group from $40.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, February 20th. Keefe, Bruyette & Woods cut their price target on shares of Klarna Group from $45.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Wells Fargo & Company reduced their price objective on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating on the stock in a research note 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 for the company in a research report on Wednesday, February 18th. Eleven equities 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Klarna Group Stock Down 6.5%

The stock has a market cap of $9.00 billion and a PE ratio of -16.28. The business has a 50 day simple moving average of $20.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KLAR. Compagnie Lombard Odier SCmA grew its position in shares of Klarna Group by 43.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company's stock valued at $48,000 after buying an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company's stock worth $48,000 after acquiring an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Klarna Group by 19.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company's stock valued at $117,000 after acquiring an additional 665 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Klarna Group by 800.0% during 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 during the last quarter. Finally, US Bancorp DE bought a new position in shares of Klarna Group during the third quarter valued at approximately $30,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.