Delta Global Management LP Makes New Investment in Klarna Group plc $KLAR

Delta Global Management LP purchased a new position in Klarna Group plc (NYSE:KLAR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 79,847 shares of the company’s stock, valued at approximately $2,308,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its position in Klarna Group by 12.2% during the 4th quarter. Squarepoint Ops LLC now owns 144,363 shares of the company’s stock worth $4,174,000 after purchasing an additional 15,743 shares in the last quarter. Verition Fund Management LLC purchased a new position in Klarna Group during the 4th quarter worth approximately $352,000. Entropy Technologies LP purchased a new position in Klarna Group during the 4th quarter worth approximately $543,000. Barclays PLC grew its position in Klarna Group by 583.8% during the 4th quarter. Barclays PLC now owns 19,147 shares of the company’s stock worth $554,000 after purchasing an additional 16,347 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Klarna Group during the 4th quarter worth approximately $164,000.

Klarna Group Stock Up 9.0%

Shares of NYSE:KLAR opened at $17.68 on Tuesday. The firm has a fifty day moving average of $15.24 and a two-hundred day moving average of $20.20. The firm has a market capitalization of $6.68 billion and a P/E ratio of -34.01. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) 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%. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities research analysts expect that Klarna Group plc will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KLAR has been the topic of several research analyst reports. Weiss Ratings cut shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. UBS Group lowered their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Morgan Stanley lifted their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Wells Fargo & Company lowered their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Finally, TD Cowen assumed coverage on shares of Klarna Group in a research note on Monday, May 11th. They set a “hold” rating and a $16.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average target price of $33.24.

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.