Renaissance Capital LLC Increases Stock Position in Klarna Group plc $KLAR

Renaissance Capital LLC lifted its stake in Klarna Group plc (NYSE:KLAR) by 532.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,656 shares of the company’s stock after acquiring an additional 87,267 shares during the quarter. Klarna Group accounts for about 1.2% of Renaissance Capital LLC’s investment portfolio, making the stock its 25th largest holding. Renaissance Capital LLC’s holdings in Klarna Group were worth $2,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Leonteq Securities AG purchased a new stake in Klarna Group during the 4th quarter valued at $29,000. US Bancorp DE bought a new position in shares of Klarna Group during the 3rd quarter valued at $30,000. CWM LLC boosted its stake in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after buying an additional 949 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of Klarna Group in the 4th quarter worth $48,000.

Wall Street Analysts Forecast Growth

KLAR has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average target price of $32.28.

Klarna Group Stock Performance

Shares of Klarna Group stock opened at $20.82 on Friday. The stock has a market cap of $7.86 billion and a P/E ratio of -40.05. The stock’s fifty day moving average is $18.90 and its 200 day moving average is $16.92. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (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%.The company’s quarterly revenue was up 42.7% compared to the same quarter last year. Analysts predict that Klarna Group plc will post 0.05 EPS for the current year.

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.