Oppenheimer & Co. Inc. Buys Shares of 35,000 Klarna Group plc $KLAR

Oppenheimer & Co. Inc. purchased a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $708,000.

Several other large investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the last quarter. Leonteq Securities AG bought a new position in Klarna Group in the fourth quarter valued at about $29,000. US Bancorp DE purchased a new position in Klarna Group in the third quarter worth about $30,000. CWM LLC boosted its position in Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Klarna Group by 44.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the period.

Klarna Group Stock Up 0.7%

NYSE KLAR opened at $20.82 on Friday. The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $16.92. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The company has a market capitalization of $7.86 billion and a P/E ratio of -40.05.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share 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 was up 42.7% compared to the same quarter last year. Research analysts anticipate that Klarna Group plc will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KLAR shares. JPMorgan Chase & Co. increased their price objective on shares of Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets upped their target price on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company dropped their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.28.

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.