Klarna Group plc $KLAR Shares Acquired by North Reef Capital Management LP

North Reef Capital Management LP increased its holdings in shares of Klarna Group plc (NYSE:KLAR) by 39.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,820 shares of the company’s stock after purchasing an additional 63,824 shares during the period. North Reef Capital Management LP’s holdings in Klarna Group were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KLAR. Renaissance Technologies LLC raised its position in Klarna Group by 173.9% in the first quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock valued at $26,744,000 after purchasing an additional 1,297,200 shares during the period. Walleye Capital LLC boosted its position in shares of Klarna Group by 35.4% in the first quarter. Walleye Capital LLC now owns 121,352 shares of the company’s stock worth $1,588,000 after buying an additional 31,729 shares during the period. State of Wyoming grew its stake in shares of Klarna Group by 137.1% in the first quarter. State of Wyoming now owns 75,088 shares of the company’s stock valued at $983,000 after buying an additional 43,412 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Klarna Group in the first quarter valued at about $3,558,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Klarna Group during the 1st quarter valued at about $1,964,000.

Klarna Group Stock Performance

Shares of KLAR opened at $17.38 on Friday. The company has a market capitalization of $6.56 billion and a P/E ratio of -33.43. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The stock has a 50-day moving average price of $18.07 and a 200 day moving average price of $17.95.

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, topping 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 company’s revenue was up 42.7% on a year-over-year basis. As a group, equities research analysts forecast that Klarna Group plc will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research upgraded Klarna Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. BMO Capital Markets upped their target price on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Klarna Group currently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

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.