Klarna Group (NYSE:KLAR) Shares Down 5.9% - Time to Sell?

Key Points

• Klarna Group's shares fell by 5.9% during trading, closing at $36.17, significantly lower than the previous close of $38.44.
• Analysts have mixed opinions on the stock, with a "hold" rating from Needham & Company and a "buy" rating with a $53.00 price target from Compass Point.
• The average rating for Klarna Group remains a "Moderate Buy" with a consensus target price also pegged at $53.00.

Shares of Klarna Group plc (NYSE:KLAR - Get Free Report) traded down 5.9% during trading on Tuesday . The stock traded as low as $35.89 and last traded at $36.17. 1,841,444 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 4,865,049 shares. The stock had previously closed at $38.44.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC assumed coverage on Klarna Group in a research note on Tuesday, September 16th. They issued a "hold" rating on the stock. Compass Point assumed coverage on Klarna Group in a research note on Tuesday, September 16th. They issued a "buy" rating and a $53.00 price objective on the stock. Finally, Wall Street Zen raised Klarna Group to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

Klarna Group Stock Performance

Klarna Group Company Profile

Our mission is to reimagine how consumers spend and save in their daily lives. We help people save time, money and put them in control of their finances. Our vision is a world where Klarna empowers everyone, everywhere, through seamless commerce experiences-as a personalized, trusted assistant making financial empowerment effortless.

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