Walleye Capital LLC Buys 31,729 Shares of Klarna Group plc $KLAR

Walleye Capital LLC boosted its stake in shares of Klarna Group plc (NYSE:KLAR) by 35.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,352 shares of the company’s stock after acquiring an additional 31,729 shares during the period. Walleye Capital LLC’s holdings in Klarna Group were worth $1,588,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KLAR. Global Retirement Partners LLC boosted its holdings in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Klarna Group in the fourth quarter worth about $29,000. US Bancorp DE purchased a new stake in shares of Klarna Group in the third quarter worth about $30,000. Allworth Financial LP purchased a new stake in shares of Klarna Group in the third quarter worth about $37,000. Finally, CWM LLC boosted its stake in Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after buying an additional 949 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on KLAR. The Goldman Sachs Group lifted their price objective on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods increased their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD Cowen raised their target price on shares of Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.11.

Klarna Group Price Performance

Shares of NYSE KLAR opened at $17.63 on Friday. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20. The business’s 50 day moving average is $18.03 and its two-hundred day moving average is $17.95. The stock has a market capitalization of $6.66 billion and a P/E ratio of -33.91.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Klarna Group plc will post 0.05 earnings per share for the current fiscal year.

About Klarna Group

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.