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

Walleye Capital LLC raised its position in Klarna Group plc (NYSE:KLAR) by 35.4% during the first quarter, HoldingsChannel.com reports. The firm owned 121,352 shares of the company’s stock after purchasing 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.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 800 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Klarna Group in the fourth quarter worth approximately $29,000. US Bancorp DE bought a new stake in shares of Klarna Group during the 3rd quarter worth approximately $30,000. Allworth Financial LP purchased a new position in Klarna Group during the 3rd quarter valued at $37,000. Finally, CWM LLC grew its position in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after acquiring an additional 949 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KLAR. Keefe, Bruyette & Woods boosted their target price 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. Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group boosted their price objective on shares of Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. UBS Group upped their target price on shares of Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Two investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Klarna Group Stock Down 1.2%

Klarna Group stock opened at $17.63 on Friday. The firm has a market cap of $6.66 billion and a P/E ratio of -33.91. The business has a fifty day moving average of $18.03 and a two-hundred day moving average of $17.95. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Klarna Group’s revenue was up 42.7% on a year-over-year basis. Equities analysts expect that Klarna Group plc will post 0.05 earnings per share for the current year.

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.