Klarna Group (NYSE:KLAR) Reaches New 52-Week Low – Here’s Why

Klarna Group plc (NYSE:KLARGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.44 and last traded at $27.63, with a volume of 553067 shares changing hands. The stock had previously closed at $29.00.

Key Stories Impacting Klarna Group

Here are the key news stories impacting Klarna Group this week:

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KLAR. BNP Paribas Exane initiated coverage on shares of Klarna Group in a research note on Monday, October 6th. They set a “neutral” rating and a $46.00 price objective for the company. Bank of America reduced their target price on Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. The Goldman Sachs Group assumed coverage on Klarna Group in a research note on Monday, October 6th. They set a “buy” rating and a $55.00 price target on the stock. Wells Fargo & Company began coverage on Klarna Group in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $45.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

View Our Latest Stock Analysis on Klarna Group

Klarna Group Price Performance

The business’s fifty day simple moving average is $30.82. The firm has a market capitalization of $19.80 billion and a P/E ratio of -42.49.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. purchased a new stake in Klarna Group in the 3rd quarter worth approximately $2,199,000. SG Americas Securities LLC acquired a new position in shares of Klarna Group in the 3rd quarter valued at $868,000. Walmart Inc. purchased a new stake in Klarna Group during the third quarter worth $87,960,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Klarna Group during the third quarter worth $19,406,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Klarna Group during the third quarter valued at $295,000.

Klarna Group Company Profile

(Get Free Report)

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.

Further Reading

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