Investors Buy Large Volume of Call Options on Klarna Group (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the target of some unusual options trading activity on Thursday. Stock investors purchased 20,698 call options on the company. This represents an increase of approximately 43% compared to the typical volume of 14,459 call options.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC acquired a new stake in Klarna Group during the third quarter worth approximately $16,922,000. HarbourVest Partners LLC acquired a new position in Klarna Group in the third quarter valued at approximately $184,105,000. Technology Crossover Management X Ltd. bought a new position in shares of Klarna Group during the 3rd quarter worth approximately $140,910,000. Monashee Investment Management LLC bought a new position in shares of Klarna Group during the 3rd quarter worth approximately $3,665,000. Finally, DNB Asset Management AS acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $18,464,000.

Klarna Group Stock Performance

Shares of NYSE KLAR traded up $0.71 during midday trading on Thursday, reaching $19.11. The stock had a trading volume of 3,166,502 shares, compared to its average volume of 5,875,404. The company’s 50 day moving average price is $15.93 and its 200 day moving average price is $19.57. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20. The firm has a market cap of $7.21 billion and a price-to-earnings ratio of -36.73.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The business’s revenue for the quarter was up 42.7% on a year-over-year basis. Equities analysts forecast that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. The Goldman Sachs Group raised their target price on Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Klarna Group currently has a consensus rating of “Moderate Buy” and an average price target of $33.35.

Klarna Group Company Profile

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.