Klarna Group (NYSE:KLAR) Sets New 1-Year Low - Here's What Happened

Klarna Group plc (NYSE:KLAR - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $34.82 and last traded at $34.87, with a volume of 1724202 shares changing hands. The stock had previously closed at $36.68.

Analyst Upgrades and Downgrades

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A number of research analysts recently weighed in on KLAR shares. Bank of America assumed coverage on shares of Klarna Group in a research report on Monday, October 6th. They set a "buy" rating and a $51.00 price target on the stock. Wolfe Research began coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued an "outperform" rating and a $50.00 price target on the stock. Sanford C. Bernstein began coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued a "market perform" rating and a $45.00 price target on the stock. Rothschild Redb raised shares of Klarna Group to a "hold" rating in a research report on Monday, October 6th. Finally, Wells Fargo & Company began coverage on shares of Klarna Group in a research report on Wednesday, October 22nd. They issued an "overweight" rating and a $45.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.33.

Check Out Our Latest Research Report on Klarna Group

Klarna Group Price Performance

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Institutional Investors Weigh In On Klarna Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAR. Compagnie Lombard Odier SCmA bought a new position in Klarna Group in the 3rd quarter worth $42,000. TD Waterhouse Canada Inc. bought a new position in Klarna Group in the 3rd quarter worth $43,000. Jones Financial Companies Lllp bought a new position in Klarna Group in the 3rd quarter worth $46,000. SBI Securities Co. Ltd. bought a new position in Klarna Group in the 3rd quarter worth $75,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Klarna Group in the 3rd quarter worth $295,000.

About Klarna Group

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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.

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