Klarna Group Target of Unusually High Options Trading (NYSE:KLAR)

Klarna Group plc (NYSE:KLARGet Free Report) was the target of some unusual options trading on Thursday. Stock investors purchased 20,698 call options on the stock. This represents an increase of 43% compared to the typical volume of 14,459 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Keefe, Bruyette & Woods raised their price target on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley boosted their price target on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. BMO Capital Markets increased their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.35.

Get Our Latest Stock Report on Klarna Group

Institutional Trading of Klarna Group

A number of hedge funds and other institutional investors have recently modified their holdings of KLAR. Militia Capital Management LLC bought a new position in shares of Klarna Group in the 1st quarter valued at $3,625,000. Bank of America Corp DE grew its position in Klarna Group by 3.8% during the 1st quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock worth $2,534,000 after acquiring an additional 7,134 shares during the last quarter. Royal Bank of Canada increased its holdings in Klarna Group by 72.1% in the 1st quarter. Royal Bank of Canada now owns 11,007 shares of the company’s stock worth $145,000 after purchasing an additional 4,612 shares in the last quarter. SummitTX Capital L.P. bought a new position in Klarna Group in the first quarter valued at about $787,000. Finally, Corsair Capital Management L.P. bought a new position in Klarna Group in the first quarter valued at about $524,000.

Klarna Group Trading Up 3.9%

NYSE KLAR traded up $0.71 during trading on Thursday, hitting $19.11. 3,166,502 shares of the company’s stock were exchanged, compared to its average volume of 5,875,404. The company has a market cap of $7.21 billion and a PE ratio of -36.73. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The stock’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $19.57.

Klarna Group (NYSE:KLARGet Free Report) last posted its quarterly 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%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts forecast that Klarna Group will post 0.04 earnings per share for the current fiscal year.

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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