Armistice Capital LLC Buys New Holdings in Klarna Group plc $KLAR

Armistice Capital LLC acquired a new position in shares of Klarna Group plc (NYSE:KLAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 549,680 shares of the company’s stock, valued at approximately $15,891,000.

Several other hedge funds have also recently bought and sold shares of KLAR. US Bancorp DE bought a new position in shares of Klarna Group during the third quarter worth approximately $30,000. Global Retirement Partners LLC increased its stake in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the last quarter. BIT Capital GmbH bought a new position in Klarna Group in the third quarter valued at approximately $37,000. Allworth Financial LP bought a new position in Klarna Group in the third quarter valued at approximately $37,000. Finally, Leonteq Securities AG bought a new stake in shares of Klarna Group during the fourth quarter worth $29,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KLAR. JPMorgan Chase & Co. decreased their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. TD Cowen began coverage on shares of Klarna Group in a report on Monday, May 11th. They issued a “hold” rating and a $16.00 target price on the stock. Weiss Ratings lowered shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. UBS Group dropped their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, 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 research report on Monday, May 18th. Eleven investment 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. According to data from MarketBeat, Klarna Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Stock Performance

Shares of KLAR stock opened at $17.88 on Thursday. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20. The company has a 50-day simple moving average of $15.43 and a two-hundred day simple moving average of $20.01. The company has a market capitalization of $6.75 billion and a price-to-earnings ratio of -34.38.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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%. Klarna Group’s revenue was up 42.7% on a year-over-year basis. On average, sell-side analysts forecast that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Klarna Group 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.