Klarna Group plc's Quiet Period Will End on October 20th (NYSE:KLAR)

Key Points

• Klarna Group's quiet period will end on October 20th, allowing analysts to issue research coverage after the company’s IPO earlier this month.
• Following its IPO, Klarna Group shares are trading down 5.7% from their opening price of $38.93, with a consensus price target of $49.64 from various analysts.
• Analysts have generally rated Klarna Group positively, with a mix of Buy and Hold ratings, indicating optimism about the company's future prospects.

Klarna Group's (NYSE:KLAR - Get Free Report) quiet period will end on Monday, October 20th. Klarna Group had issued 34,311,274 shares in its initial public offering on September 10th. The total size of the offering was $1,372,450,960 based on an initial share price of $40.00. During Klarna Group's quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KLAR shares. Compass Point initiated coverage on Klarna Group in a research note on Tuesday, September 16th. They set a "buy" rating and a $53.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on Klarna Group in a report on Monday, October 6th. They set an "outperform" rating and a $52.00 target price for the company. Zacks Research upgraded Klarna Group to a "hold" rating in a report on Tuesday, October 7th. Morgan Stanley began coverage on Klarna Group in a research report on Monday, October 6th. They issued an "equal weight" rating and a $43.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Klarna Group in a research report on Monday, October 6th. They issued an "overweight" rating and a $50.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Klarna Group has an average rating of "Moderate Buy" and a consensus price target of $49.64.

Klarna Group Trading Down 5.7%

Shares of Klarna Group stock opened at $38.93 on Monday. Klarna Group has a 1 year low of $35.60 and a 1 year high of $57.20.

About Klarna Group

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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