35,000 Shares in Klarna Group plc $KLAR Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in Klarna Group plc (NYSE:KLAR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. US Bancorp DE purchased a new position in shares of Klarna Group in the third quarter valued at about $30,000. First Trust Advisors LP purchased a new stake in shares of Klarna Group during the third quarter worth about $526,000. Russell Investments Group Ltd. purchased a new stake in shares of Klarna Group during the third quarter worth about $19,272,000. Legal & General Group Plc bought a new stake in Klarna Group during the 3rd quarter valued at approximately $148,000. Finally, Franklin Resources Inc. purchased a new position in Klarna Group in the 3rd quarter worth approximately $10,995,000.

Klarna Group Price Performance

Shares of KLAR opened at $20.82 on Friday. The stock has a market capitalization of $7.86 billion and a price-to-earnings ratio of -40.05. Klarna Group plc has a 1 year low of $12.06 and a 1 year high of $57.20. The business’s 50 day simple moving average is $18.90 and its 200-day simple moving average is $16.92.

Klarna Group (NYSE:KLAR) last posted its 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%. Klarna Group’s revenue was up 42.7% compared to the same quarter last year. On average, sell-side analysts expect that Klarna Group plc will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. raised their target price on shares of Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.28.

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.