Baader Bank Aktiengesellschaft Takes Position in Klarna Group plc $KLAR

Baader Bank Aktiengesellschaft purchased a new position in shares of Klarna Group plc (NYSE:KLAR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,964,000.

A number of other large investors have also added to or reduced their stakes in KLAR. Commonwealth Bank of Australia bought a new position in shares of Klarna Group during the fourth quarter valued at $503,243,000. Wellington Management Group LLP acquired a new stake in Klarna Group in the third quarter valued at $348,834,000. Scge Management L.P. acquired a new stake in Klarna Group in the third quarter valued at $193,018,000. MIC Capital Management UK LLP bought a new position in Klarna Group during the 3rd quarter worth $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Klarna Group during the 4th quarter worth about $72,323,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KLAR shares. Bank of America upped their price target on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised their price objective on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 23rd. Barclays initiated coverage on Klarna Group in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company lowered their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.

Klarna Group Price Performance

KLAR opened at $18.77 on Tuesday. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The firm has a market capitalization of $7.09 billion and a PE ratio of -36.09. The company’s 50-day moving average is $17.82 and its 200 day moving average is $18.17.

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 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 business’s revenue for the quarter was up 42.7% on a year-over-year basis. As a group, analysts expect 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.