Klarna Group plc’s (NYSE:KLAR) Quiet Period To End on October 20th

Klarna Group’s (NYSE:KLAR) quiet period will expire on Monday, October 20th. Klarna Group had issued 34,311,274 shares in its public offering on September 10th. The total size of the offering was $1,372,450,960 based on an initial share price of $40.00. During Klarna Group’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KLAR. BNP Paribas Exane began coverage on shares of Klarna Group in a report on Monday, October 6th. They set a “neutral” rating and a $46.00 price target for the company. Compass Point began coverage on shares of Klarna Group in a report on Tuesday, September 16th. They set a “buy” rating and a $53.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Klarna Group in a report on Monday, October 6th. They set a “buy” rating and a $48.00 price target for the company. Wall Street Zen raised shares of Klarna Group to a “hold” rating in a report on Saturday, September 13th. Finally, The Goldman Sachs Group started coverage on shares of Klarna Group in a report on Monday, October 6th. They set a “buy” rating and a $55.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

Klarna Group Stock Up 0.8%

KLAR stock opened at $39.41 on Wednesday. Klarna Group has a 1 year low of $35.60 and a 1 year high of $57.20.

About Klarna Group

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.