Traders Purchase Large Volume of Klarna Group Put Options (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the recipient of unusually large options trading activity on Friday. Investors purchased 23,461 put options on the company. This represents an increase of approximately 127% compared to the average volume of 10,316 put options.

Institutional Investors Weigh In On Klarna Group

A number of hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. acquired a new position in Klarna Group in the third quarter valued at approximately $2,199,000. SG Americas Securities LLC acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $868,000. Walmart Inc. bought a new stake in shares of Klarna Group in the 3rd quarter valued at $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Klarna Group in the 3rd quarter valued at $19,406,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Klarna Group during the 3rd quarter valued at $295,000.

Analyst Ratings Changes

KLAR has been the subject of a number of analyst reports. Bank of America started coverage on shares of Klarna Group in a research report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company lowered their price objective on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. UBS Group cut their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. reduced their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Trading Down 4.4%

Shares of Klarna Group stock opened at $12.28 on Friday. The company has a market cap of $4.64 billion and a PE ratio of -15.95. The company has a 50 day moving average of $17.99 and a 200-day moving average of $28.98. Klarna Group has a 1-year low of $12.18 and a 1-year high of $57.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The business had revenue of $0.87 million for the quarter. Klarna Group’s quarterly revenue was up 38.5% compared to the same quarter last 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.