GSA Capital Partners LLP Takes Position in Klarna Group plc $KLAR

GSA Capital Partners LLP purchased a new stake in shares of Klarna Group plc (NYSE:KLAR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 30,204 shares of the company’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KLAR. SC US Ttgp LTD. bought a new position in shares of Klarna Group during the third quarter valued at $2,016,821,000. Wellington Management Group LLP bought a new position in shares of Klarna Group during the third quarter valued at $348,834,000. Scge Management L.P. bought a new position in shares of Klarna Group during the third quarter valued at $193,018,000. HarbourVest Partners LLC bought a new position in shares of Klarna Group during the third quarter valued at $184,105,000. Finally, Technology Crossover Management X Ltd. bought a new position in shares of Klarna Group during the third quarter valued at $140,910,000.

Klarna Group Price Performance

Klarna Group stock opened at $16.62 on Friday. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The stock has a market capitalization of $6.27 billion and a PE ratio of -31.97. The business’s fifty day moving average is $14.13 and its 200 day moving average is $22.18.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data 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%.The company’s revenue was up 42.7% compared to the same quarter last year. As a group, sell-side analysts expect that Klarna Group plc will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley raised 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. TD Cowen began coverage on Klarna Group in a report on Monday, May 11th. They set a “hold” rating and a $16.00 price target for the company. BMO Capital Markets increased their price objective on Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. dropped their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.24.

Klarna Group 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.