GSA Capital Partners LLP Buys New Position in Klarna Group plc $KLAR

GSA Capital Partners LLP purchased a new stake in Klarna Group plc (NYSE:KLAR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,204 shares of the company’s stock, valued at approximately $873,000.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE bought a new stake in Klarna Group in the third quarter valued at $30,000. BIT Capital GmbH bought a new stake in Klarna Group in the third quarter valued at $37,000. Allworth Financial LP bought a new stake in Klarna Group in the third quarter valued at $37,000. Compagnie Lombard Odier SCmA bought a new stake in Klarna Group in the third quarter valued at $42,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Klarna Group in the third quarter valued at $43,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KLAR shares. Wells Fargo & Company cut their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. UBS Group cut their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Bank of America lifted their price target on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. cut their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Klarna Group has a consensus rating of “Moderate Buy” and an average price target of $33.24.

Klarna Group Trading Up 4.3%

KLAR opened at $16.62 on Friday. The stock has a fifty day simple moving average of $14.13 and a two-hundred day simple moving average of $22.18. The company has a market cap of $6.27 billion and a price-to-earnings ratio of -31.97. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data 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 return on equity of 7.62% and a negative net margin of 5.21%.The firm’s quarterly revenue was up 42.7% on a year-over-year basis. On average, analysts predict that Klarna Group plc will post -0.01 EPS for the current year.

Klarna Group 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.