State of Wyoming Acquires 43,412 Shares of Klarna Group plc $KLAR

State of Wyoming raised its stake in Klarna Group plc (NYSE:KLAR) by 137.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,088 shares of the company’s stock after buying an additional 43,412 shares during the period. State of Wyoming’s holdings in Klarna Group were worth $983,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KLAR. US Bancorp DE purchased a new position in Klarna Group in the third quarter worth $30,000. First Trust Advisors LP purchased a new stake in Klarna Group during the third quarter valued at about $526,000. Russell Investments Group Ltd. purchased a new stake in Klarna Group during the third quarter valued at about $19,272,000. Legal & General Group Plc bought a new stake in Klarna Group during the third quarter worth about $148,000. Finally, Franklin Resources Inc. purchased a new position in shares of Klarna Group in the 3rd quarter worth about $10,995,000.

Klarna Group Trading Down 6.0%

NYSE KLAR opened at $17.89 on Thursday. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20. The stock has a 50-day moving average of $18.00 and a 200-day moving average of $18.03. The firm has a market cap of $6.75 billion and a PE ratio of -34.40.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results 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 quarterly 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays started coverage on Klarna Group in a report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Weiss Ratings cut shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. The Goldman Sachs Group lifted their price target on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, TD Cowen boosted their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.11.

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.