Wesbanco Bank Inc. Invests $615,000 in Klarna Group plc $KLAR

Wesbanco Bank Inc. purchased a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 47,000 shares of the company’s stock, valued at approximately $615,000.

A number of other large investors have also recently added to or reduced their stakes in KLAR. US Bancorp DE acquired a new stake in Klarna Group during the third quarter worth $30,000. Global Retirement Partners LLC lifted its stake in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Klarna Group in the 3rd quarter valued at $37,000. Leonteq Securities AG purchased a new position in shares of Klarna Group during the 4th quarter worth $29,000. Finally, CWM LLC increased its position in shares of Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the last quarter.

Klarna Group Price Performance

Shares of NYSE:KLAR opened at $20.25 on Monday. The firm has a market capitalization of $7.64 billion and a PE ratio of -38.94. 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 is $16.13 and its two-hundred day moving average is $19.41.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data 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%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts expect that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KLAR has been the topic of a number of recent analyst reports. TD Cowen started coverage on shares of Klarna Group in a research report on Monday, May 11th. They issued a “hold” rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley boosted their price target 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. Wells Fargo & Company lowered their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Klarna Group has an average rating of “Moderate Buy” and an average price target of $33.35.

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.