Renaissance Capital LLC lifted its position in Klarna Group plc (NYSE:KLAR – Free Report) by 532.5% in the second quarter, HoldingsChannel.com reports. The firm owned 103,656 shares of the company’s stock after purchasing an additional 87,267 shares during the quarter. Klarna Group comprises about 1.2% of Renaissance Capital LLC’s investment portfolio, making the stock its 25th biggest holding. Renaissance Capital LLC’s holdings in Klarna Group were worth $2,098,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of KLAR. Global Retirement Partners LLC boosted its holdings in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the period. Leonteq Securities AG bought a new stake in Klarna Group during the fourth quarter valued at about $29,000. US Bancorp DE purchased a new position in shares of Klarna Group in the third quarter valued at about $30,000. CWM LLC lifted its position in shares of Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after acquiring an additional 949 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Klarna Group in the fourth quarter worth about $48,000.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KLAR shares. Wells Fargo & Company decreased their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Keefe, Bruyette & Woods increased their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. The Goldman Sachs Group lifted 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. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Klarna Group has a consensus rating of “Moderate Buy” and a consensus price target of $32.28.
Klarna Group Price Performance
NYSE KLAR opened at $20.82 on Friday. The stock has a market capitalization of $7.86 billion and a PE ratio of -40.05. The business has a 50 day simple moving average of $18.90 and a two-hundred day simple moving average of $16.92. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20.
Klarna Group (NYSE:KLAR – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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%.The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. On average, analysts anticipate that Klarna Group plc will post 0.05 EPS for the current fiscal year.
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.
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