Klarna Group (NYSE:KLAR) Shares Down 8.8% Following Analyst Downgrade

Klarna Group plc (NYSE:KLAR) fell 8.8% on Tuesday after UBS Group lowered their price target on the stock from $48.00 to $46.00. UBS Group currently has a buy rating on the stock. Klarna Group traded as low as $31.56 and last traded at $31.7950. 1,229,521 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,213,318 shares. The stock had previously closed at $34.88.

Several other research analysts also recently weighed in on KLAR. Deutsche Bank Aktiengesellschaft assumed coverage on Klarna Group in a research note on Monday, October 6th. They issued a “buy” rating and a $48.00 price target for the company. Zacks Research raised shares of Klarna Group to a “hold” rating in a report on Tuesday, October 7th. Wolfe Research cut their target price on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday. Compass Point initiated coverage on shares of Klarna Group in a report on Tuesday, September 16th. They issued a “buy” rating and a $53.00 price target on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Klarna Group in a research note on Monday, October 6th. They issued an “outperform” rating and a $52.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.07.

Institutional Investors Weigh In On Klarna Group

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

Klarna Group Stock Performance

The company has a fifty day moving average price of $38.59.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Tuesday, November 18th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.08. The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $887.94 million. Klarna Group has set its Q4 2025 guidance at EPS.

Klarna Group Company Profile

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.