Klarna Group plc’s (NYSE:KLAR) Lock-Up Period To End Tomorrow

Klarna Group’s (NYSE:KLAR) lock-up period is set to end on Monday, March 9th. Klarna Group had issued 34,311,274 shares in its 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. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KLAR shares. JPMorgan Chase & Co. cut their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company lowered 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. Bank of America began coverage on Klarna Group in a report on Thursday. They set a “buy” rating and a $21.00 price target on the stock. Citigroup reduced their price objective on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Trading Up 1.3%

KLAR stock opened at $13.70 on Friday. The business has a 50 day moving average of $22.69. The stock has a market cap of $9.83 billion and a P/E ratio of -17.79. Klarna Group has a 12-month low of $12.50 and a 12-month high of $57.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KLAR. US Bancorp DE purchased a new stake in shares of Klarna Group during the 3rd quarter worth about $30,000. Global Retirement Partners LLC grew its stake in shares of Klarna Group by 800.0% in the 4th 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. BIT Capital GmbH acquired a new position in Klarna Group in the third quarter worth approximately $37,000. Allworth Financial LP acquired a new position in Klarna Group in the third quarter worth approximately $37,000. Finally, Leonteq Securities AG bought a new position in Klarna Group during the fourth quarter valued at approximately $29,000.

Klarna Group Company Profile

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.