Klarna Group (NYSE:KLAR) Hits New 52-Week Low – What’s Next?

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KLAR shares. JPMorgan Chase & Co. cut their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Keefe, Bruyette & Woods decreased their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Morgan Stanley lowered their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. 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 note on Friday, February 20th. Finally, Bank of America assumed coverage on Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 price target for the company. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Price Performance

The stock has a fifty day moving average price of $19.66. The stock has a market capitalization of $9.00 billion and a PE ratio of -16.28.

Hedge Funds Weigh In On Klarna Group

Hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA lifted its stake in Klarna Group by 43.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock valued at $48,000 after purchasing an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. grew its position 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 buying an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position 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 worth $117,000 after buying an additional 665 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 800 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Klarna Group during the 3rd quarter valued at $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.