Klarna Group (NYSE:KLAR) Raised to “Hold” at Wall Street Zen

Klarna Group (NYSE:KLAR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also commented on KLAR. Bank of America started coverage on shares of Klarna Group in a report on Thursday. They issued a “buy” rating and a $21.00 price objective on the stock. Wells Fargo & Company cut their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods dropped their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley cut their price objective on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Trading Up 1.3%

Shares of KLAR stock opened at $13.70 on Friday. Klarna Group has a 1-year low of $12.50 and a 1-year high of $57.20. The stock has a market capitalization of $9.83 billion and a price-to-earnings ratio of -17.79. The stock’s 50-day moving average is $22.69.

Hedge Funds Weigh In On Klarna Group

Institutional investors have recently modified their holdings of the business. SC US Ttgp LTD. purchased a new stake in shares of Klarna Group during the third quarter worth $2,016,821,000. Commonwealth Bank of Australia acquired a new stake in shares of Klarna Group in the fourth quarter valued at $503,243,000. Wellington Management Group LLP purchased a new position in Klarna Group in the third quarter valued at $348,834,000. Dragoneer Investment Group LLC acquired a new position in Klarna Group during the 3rd quarter worth $303,595,000. Finally, Scge Management L.P. acquired a new position in Klarna Group during the 3rd quarter worth $193,018,000.

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.