Klarna Group Sees Unusually High Options Volume (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) saw some unusual options trading activity on Tuesday. Traders purchased 17,122 call options on the company. This represents an increase of approximately 55% compared to the typical daily volume of 11,029 call options.

Klarna Group Trading Up 0.8%

Klarna Group stock opened at $18.91 on Wednesday. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The stock has a market cap of $7.14 billion and a P/E ratio of -36.37. The stock has a 50 day moving average of $17.92 and a 200-day moving average of $18.11.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results 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 net margin of 5.21% and a negative return on equity of 7.62%. The firm’s quarterly revenue was up 42.7% on a year-over-year basis. As a group, equities analysts predict that Klarna Group will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

KLAR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. 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. JPMorgan Chase & Co. boosted their price objective on shares of Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Citizens Jmp started coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating for the company. Finally, Barclays began coverage on Klarna Group in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 target price for the company. 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 given a Sell rating to the company. According to data from MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.

Institutional Investors Weigh In On Klarna Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG bought a new stake in Klarna Group in the fourth quarter valued at about $29,000. US Bancorp DE bought a new stake in Klarna Group in the third quarter valued at about $30,000. Allworth Financial LP acquired a new stake in Klarna Group during the third quarter valued at approximately $37,000. Finally, CWM LLC lifted its holdings in Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after buying an additional 949 shares during the last quarter.

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.