Stock Traders Buy High Volume of Call Options on Klarna Group (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) saw some unusual options trading activity on Thursday. Investors purchased 20,698 call options on the stock. This is an increase of 43% compared to the typical daily volume of 14,459 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Morgan Stanley lifted their price target on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Bank of America upped their price objective on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group lifted their target price on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.35.

Klarna Group Price Performance

KLAR opened at $20.25 on Friday. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The company has a market capitalization of $7.64 billion and a price-to-earnings ratio of -38.94. The firm’s fifty day moving average price is $16.13 and its two-hundred day moving average price is $19.49.

Klarna Group (NYSE:KLAR) last announced its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was up 42.7% on a year-over-year basis. As a group, equities analysts anticipate that Klarna Group will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. ARK Investment Management LLC bought a new stake in Klarna Group during the third quarter valued at about $16,922,000. HarbourVest Partners LLC purchased a new stake in Klarna Group in the 3rd quarter worth $184,105,000. Technology Crossover Management X Ltd. purchased a new position in Klarna Group during the 3rd quarter valued at approximately $140,910,000. Monashee Investment Management LLC bought a new stake in Klarna Group in the third quarter worth $3,665,000. Finally, DNB Asset Management AS purchased a new stake in shares of Klarna Group during the 3rd quarter valued at about $18,464,000.

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.