Stock Traders Purchase Large Volume of Klarna Group Call Options (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the recipient of some unusual options trading on Tuesday. Traders acquired 17,122 call options on the company. This represents an increase of 55% compared to the average daily volume of 11,029 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cordoba Advisory Partners LLC acquired a new stake in Klarna Group during the second quarter worth approximately $524,000. GoalVest Advisory LLC acquired a new position in shares of Klarna Group in the second quarter valued at approximately $539,000. Atwood & Palmer Inc. acquired a new position in shares of Klarna Group in the second quarter valued at approximately $86,000. FNY Investment Advisers LLC bought a new position in shares of Klarna Group during the second quarter worth approximately $303,000. Finally, Militia Capital Management LLC acquired a new stake in Klarna Group during the 1st quarter worth approximately $3,625,000.

Klarna Group Trading Down 6.0%

KLAR stock opened at $17.89 on Thursday. Klarna Group has a 1-year low of $12.06 and a 1-year high of $57.20. The business’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $18.03. The firm has a market capitalization of $6.75 billion and a PE ratio of -34.40.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The company’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, sell-side analysts predict that Klarna Group will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KLAR has been the topic of a number of analyst reports. Citizens Jmp assumed coverage on Klarna Group in a research note on Tuesday, June 30th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods upped their price target on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group increased their price target on shares of Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.11.

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.