GoalVest Advisory LLC Takes Position in Klarna Group plc $KLAR

GoalVest Advisory LLC acquired a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 26,636 shares of the company’s stock, valued at approximately $539,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE bought a new position in Klarna Group in the third quarter valued at about $30,000. Global Retirement Partners LLC grew its holdings in shares of Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Klarna Group in the fourth quarter valued at approximately $29,000. CWM LLC increased its stake in shares of Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after buying an additional 949 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on KLAR. Barclays initiated coverage on shares of Klarna Group in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 target price on the stock. The Goldman Sachs Group raised 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. Keefe, Bruyette & Woods lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, BMO Capital Markets raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.11.

Klarna Group Price Performance

Shares of NYSE:KLAR opened at $19.90 on Friday. Klarna Group plc has a 1 year low of $12.06 and a 1 year high of $57.20. The business’s 50-day moving average is $18.64 and its 200-day moving average is $17.21. The company has a market capitalization of $7.51 billion and a price-to-earnings ratio of -38.27.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping 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 firm’s quarterly revenue was up 42.7% on a year-over-year basis. Analysts anticipate 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.