State of Wyoming Acquires Shares of 31,676 Klarna Group plc $KLAR

State of Wyoming bought a new position in Klarna Group plc (NYSE:KLAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,676 shares of the company’s stock, valued at approximately $916,000.

Other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new stake in Klarna Group during the third quarter worth about $16,040,000. ARK Investment Management LLC acquired a new position in shares of Klarna Group in the 3rd quarter worth approximately $16,922,000. HarbourVest Partners LLC acquired a new position in shares of Klarna Group in the 3rd quarter worth approximately $184,105,000. Technology Crossover Management X Ltd. bought a new stake in Klarna Group during the 3rd quarter worth approximately $140,910,000. Finally, Monashee Investment Management LLC acquired a new stake in Klarna Group during the 3rd quarter valued at $3,665,000.

Wall Street Analysts Forecast Growth

KLAR has been the subject of several research analyst reports. Bank of America lifted their price objective on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised their target price on Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Morgan Stanley lifted their price target on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods upped their price target 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. Finally, TD Cowen started coverage on shares of Klarna Group in a report on Monday, May 11th. They set a “hold” rating and a $16.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.24.

Klarna Group Stock Performance

NYSE:KLAR opened at $17.07 on Thursday. The company has a market cap of $6.44 billion and a price-to-earnings ratio of -32.82. The stock’s fifty day moving average price is $14.66 and its two-hundred day moving average price is $21.01. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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%.Klarna Group’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts predict that Klarna Group plc will post 0.04 EPS for the current fiscal 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.