79,847 Shares in Klarna Group plc $KLAR Purchased by Delta Global Management LP

Delta Global Management LP purchased a new position in Klarna Group plc (NYSE:KLAR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 79,847 shares of the company’s stock, valued at approximately $2,308,000.

A number of other large investors have also recently bought and sold shares of KLAR. SC US Ttgp LTD. bought a new position in Klarna Group in the third quarter worth about $2,016,821,000. Commonwealth Bank of Australia bought a new position in Klarna Group in the fourth quarter worth about $503,243,000. Wellington Management Group LLP bought a new position in Klarna Group in the third quarter worth about $348,834,000. Scge Management L.P. bought a new position in Klarna Group in the third quarter worth about $193,018,000. Finally, HarbourVest Partners LLC bought a new position in Klarna Group in the third quarter worth about $184,105,000.

Klarna Group Stock Performance

Klarna Group stock opened at $17.68 on Tuesday. The firm has a market cap of $6.68 billion and a price-to-earnings ratio of -34.01. Klarna Group plc has a 1 year low of $12.06 and a 1 year high of $57.20. The firm’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $20.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 42.7% on a year-over-year basis. As a group, equities analysts predict that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. JPMorgan Chase & Co. cut their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Keefe, Bruyette & Woods lifted their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Wells Fargo & Company cut their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Finally, Morgan Stanley raised their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Klarna Group has a consensus rating of “Moderate Buy” and an average target price of $33.24.

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.