Klarna Group Target of Unusually High Options Trading (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the recipient of some unusual options trading activity on Monday. Investors purchased 12,127 put options on the stock. This is an increase of approximately 10% compared to the typical daily volume of 11,019 put options.

Klarna Group Trading Down 5.4%

Shares of NYSE:KLAR traded down $1.13 during trading on Monday, hitting $19.66. 2,180,167 shares of the company’s stock traded hands, compared to its average volume of 5,397,325. The company has a market cap of $7.42 billion and a price-to-earnings ratio of -37.85. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The company has a 50-day moving average price of $18.90 and a 200-day moving average price of $16.85.

Klarna Group (NYSE:KLAR) last issued 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 revenue for the quarter was up 42.7% on a year-over-year basis. On average, analysts predict that Klarna Group will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KLAR shares. Keefe, Bruyette & Woods raised their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. The Goldman Sachs Group increased their price target on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. TD Cowen raised their price target on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Wells Fargo & Company decreased 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.28.

Institutional Investors Weigh In On Klarna Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia bought a new position in Klarna Group during the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group in the third quarter valued at $348,834,000. BlackRock Inc. boosted its position in shares of Klarna Group by 89.6% during the second quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock valued at $115,335,000 after buying an additional 2,693,374 shares during the period. Scge Management L.P. purchased a new position in Klarna Group during the 3rd quarter valued at $193,018,000. Finally, MIC Capital Management UK LLP purchased a new position in Klarna Group in the 3rd quarter worth about $99,502,000.

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.