Klarna Group Sees Unusually High Options Volume (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) saw unusually large options trading on Tuesday. Stock traders acquired 17,122 call options on the company. This is an increase of approximately 55% compared to the average daily volume of 11,029 call options.

Institutional Investors Weigh In On Klarna Group

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in shares of Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new stake in Klarna Group during the 4th quarter valued at about $29,000. US Bancorp DE acquired a new stake in Klarna Group in the 3rd quarter valued at about $30,000. Allworth Financial LP acquired a new stake in Klarna Group in the 3rd quarter valued at about $37,000. Finally, CWM LLC lifted its stake in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares in the last quarter.

Analyst Upgrades and Downgrades

KLAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Zacks Research raised Klarna Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Bank of America increased their target price on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Klarna Group has an average rating of “Moderate Buy” and a consensus target price of $32.11.

Klarna Group Trading Up 1.3%

NYSE:KLAR traded up $0.25 during trading hours on Tuesday, hitting $19.01. 8,852,077 shares of the stock were exchanged, compared to its average volume of 5,692,186. The firm’s fifty day moving average price is $17.82 and its 200 day moving average price is $18.17. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The company has a market cap of $7.18 billion and a P/E ratio of -36.42.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate 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%.Klarna Group’s revenue was up 42.7% on a year-over-year basis. Equities analysts expect that Klarna Group will post 0.05 EPS for the current fiscal 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.