Armistice Capital LLC Acquires New Shares in Klarna Group plc $KLAR

Armistice Capital LLC acquired a new stake in shares of Klarna Group plc (NYSE:KLAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 549,680 shares of the company’s stock, valued at approximately $15,891,000. Armistice Capital LLC owned about 0.08% of Klarna Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KLAR. SC US Ttgp LTD. bought a new position in Klarna Group during the third quarter valued at about $2,016,821,000. Commonwealth Bank of Australia bought a new position in Klarna Group during the fourth quarter valued at about $503,243,000. Wellington Management Group LLP bought a new position in Klarna Group during the third quarter valued at about $348,834,000. Scge Management L.P. bought a new position in Klarna Group during the third quarter valued at about $193,018,000. Finally, HarbourVest Partners LLC bought a new position in Klarna Group during the third quarter valued at about $184,105,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KLAR shares. Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Bank of America upped their price objective on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, May 18th. 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. Finally, UBS Group dropped their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Stock Up 0.5%

NYSE KLAR opened at $17.88 on Thursday. The company has a market capitalization of $6.75 billion and a PE ratio of -34.38. The firm’s 50 day moving average is $15.43 and its 200-day moving average is $20.01. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share 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 firm’s quarterly revenue was up 42.7% on a year-over-year basis. As a group, sell-side analysts expect that Klarna Group plc will post 0.04 EPS for the current year.

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.