Investors Buy High Volume of Klarna Group Call Options (NYSE:KLAR)

Klarna Group plc (NYSE:KLARGet Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 18,584 call options on the stock. This represents an increase of approximately 53% compared to the typical volume of 12,113 call options.

Klarna Group Trading Up 19.7%

KLAR stock opened at $16.39 on Friday. The company has a market cap of $6.19 billion and a price-to-earnings ratio of -21.29. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20. The firm has a 50-day moving average of $13.98 and a two-hundred day moving average of $23.02.

Klarna Group (NYSE:KLARGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. As a group, equities analysts forecast that Klarna Group will post -0.12 earnings per share for the current year.

Institutional Trading of Klarna Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SC US Ttgp LTD. acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $2,016,821,000. Commonwealth Bank of Australia acquired a new stake in shares of Klarna Group during the 4th quarter worth approximately $503,243,000. Wellington Management Group LLP acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $348,834,000. Scge Management L.P. purchased a new position in shares of Klarna Group during the 3rd quarter worth approximately $193,018,000. Finally, HarbourVest Partners LLC purchased a new position in shares of Klarna Group during the 3rd quarter worth approximately $184,105,000.

Klarna Group News Roundup

Here are the key news stories impacting Klarna Group this week:

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KLAR shares. BMO Capital Markets started coverage on shares of Klarna Group in a research report on Wednesday, April 22nd. They set a “market perform” rating and a $16.00 price target for the company. UBS Group reduced their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Bank of America started coverage on shares of Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 price target for the company. Morgan Stanley reduced their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Read Our Latest Stock Analysis on Klarna Group

Klarna Group Company Profile

(Get Free Report)

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.

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