Klarna Group (NYSE:KLAR) Stock Price Down 9.1% - Time to Sell?

Key Points

• Klarna shares fell 9.1% to $14.94 on Thursday (intraday low $14.81) on 2.65M shares traded, about 54% below the average session volume.
• Analysts show a Moderate Buy consensus (11 Buys, 6 Holds, 1 Sell) with a consensus price target of $38.33, despite recent downgrades and target cuts from major firms (Wells Fargo to $32, JPMorgan to $20, BofA initiating at $21).
• Klarna has a market capitalization of about $10.78 billion, a negative PE (-19.57), and a 50‑day moving average of $21.86, well above the current share price.

Klarna Group plc (NYSE:KLAR - Get Free Report) traded down 9.1% on Thursday . The stock traded as low as $14.81 and last traded at $14.9410. 2,651,550 shares were traded during trading, a decline of 54% from the average session volume of 5,823,699 shares. The stock had previously closed at $16.43.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Klarna Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Wells Fargo & Company dropped their price target on Klarna Group from $45.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, February 20th. Wolfe Research decreased their price target on Klarna Group from $50.00 to $45.00 and set an "outperform" rating for the company in a research report on Wednesday, November 19th. Bank of America started coverage on Klarna Group in a report on Thursday, March 5th. They set a "buy" rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Klarna Group from $40.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Klarna Group Stock Performance

The stock's 50 day moving average is $21.86. The stock has a market capitalization of $10.78 billion and a PE ratio of -19.57.

Institutional Investors Weigh In On Klarna Group

A number of large investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew its stake 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 worth $26,000 after buying an additional 800 shares during the last quarter. Leonteq Securities AG bought a new stake in Klarna Group during the 4th quarter valued at $29,000. US Bancorp DE purchased a new position in Klarna Group during the 3rd quarter valued at about $30,000. BIT Capital GmbH bought a new stake in shares of Klarna Group during the third quarter valued at about $37,000. Finally, Allworth Financial LP purchased a new stake in shares of Klarna Group in the third quarter worth $37,000.

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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