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

Klarna Group plc (NYSE:KLAR)’s stock price dropped 8.8% during mid-day trading 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. Approximately 1,229,521 shares were traded during trading, a decline of 62% from the average daily volume of 3,213,318 shares. The stock had previously closed at $34.88.

A number of other brokerages have also issued reports on KLAR. Keefe, Bruyette & Woods assumed coverage on Klarna Group in a research report on Monday, October 6th. They set an “outperform” rating and a $52.00 target price on the stock. Morgan Stanley reduced their target price on Klarna Group from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Klarna Group in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $45.00 price target for the company. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Klarna Group from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Klarna Group has a consensus rating of “Moderate Buy” and a consensus price target of $47.07.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Klarna Group during the third quarter valued at $153,000. Balyasny Asset Management L.P. acquired a new position in Klarna Group during the 3rd quarter worth $18,758,000. Longaeva Partners L.P. bought a new position in shares of Klarna Group in the third quarter worth $14,865,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Klarna Group during the third quarter valued at about $55,843,000. Finally, Squarepoint Ops LLC bought a new position in Klarna Group in the 3rd quarter valued at about $4,714,000.

Klarna Group Trading Down 8.1%

The stock’s 50 day moving average price is $38.59.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results 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 company had revenue of $903.00 million during the quarter, compared to analyst estimates 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.