Stock Traders Buy Large Volume of Put Options on Klarna Group (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the target of some unusual options trading activity on Monday. Stock traders bought 12,127 put options on the stock. This is an increase of 10% compared to the average volume of 11,019 put options.

Klarna Group Trading Down 6.0%

KLAR stock opened at $19.55 on Tuesday. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The company has a market cap of $7.38 billion and a P/E ratio of -37.60. The company’s 50-day moving average price is $18.96 and its 200 day moving average price is $16.80.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, equities research analysts expect that Klarna Group will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

KLAR has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Morgan Stanley lifted their price target on shares of Klarna Group from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays started coverage on Klarna Group in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.28.

Institutional Investors Weigh In On Klarna Group

Several institutional investors and hedge funds have recently modified their holdings of KLAR. Renaissance Technologies LLC grew its stake in shares of Klarna Group by 173.9% during the first quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock valued at $26,744,000 after acquiring an additional 1,297,200 shares in the last quarter. Renaissance Capital LLC boosted its stake in Klarna Group by 532.5% during the 2nd quarter. Renaissance Capital LLC now owns 103,656 shares of the company’s stock valued at $2,098,000 after acquiring an additional 87,267 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Klarna Group during the 1st quarter worth $1,964,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Klarna Group by 47.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company’s stock worth $15,689,000 after acquiring an additional 385,811 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Klarna Group by 32.9% in the 4th quarter. UBS Group AG now owns 1,376,248 shares of the company’s stock valued at $39,787,000 after purchasing an additional 340,562 shares in the last quarter.

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.