Monashee Investment Management LLC Makes New Investment in Klarna Group plc $KLAR

Monashee Investment Management LLC acquired a new stake in Klarna Group plc (NYSE:KLAR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $3,665,000. Klarna Group accounts for approximately 1.8% of Monashee Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds also recently made changes to their positions in KLAR. DNB Asset Management AS bought a new position in Klarna Group during the third quarter valued at about $18,464,000. US Bancorp DE bought a new position in shares of Klarna Group during the 3rd quarter valued at approximately $30,000. MAI Capital Management purchased a new stake in shares of Klarna Group during the 3rd quarter worth approximately $64,000. TD Asset Management Inc bought a new stake in shares of Klarna Group in the 3rd quarter worth approximately $4,867,000. Finally, WT Asset Management Ltd purchased a new position in Klarna Group in the third quarter valued at approximately $2,016,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KLAR. UBS Group dropped their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Citigroup cut their target price on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Wolfe Research lowered their price target on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Morgan Stanley cut their price objective on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Eleven 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. Based on data from MarketBeat, Klarna Group has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Klarna Group Stock Performance

Shares of Klarna Group stock opened at $13.58 on Friday. The stock has a 50-day moving average price of $24.39. Klarna Group plc has a 12-month low of $12.50 and a 12-month high of $57.20. The stock has a market capitalization of $9.75 billion and a P/E ratio of -17.64.

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.