Corsair Capital Management L.P. Makes New Investment in Klarna Group plc $KLAR

Corsair Capital Management L.P. bought a new position in shares of Klarna Group plc (NYSE:KLAR) during the 1st quarter, HoldingsChannel reports. The fund bought 40,000 shares of the company’s stock, valued at approximately $524,000.

A number of other large investors have also made changes to their positions in KLAR. US Bancorp DE acquired a new stake in shares of Klarna Group in the 3rd quarter worth $30,000. First Trust Advisors LP acquired a new position in shares of Klarna Group during the 3rd quarter valued at about $526,000. Russell Investments Group Ltd. purchased a new stake in shares of Klarna Group in the third quarter valued at about $19,272,000. Legal & General Group Plc acquired a new stake in Klarna Group during the third quarter worth about $148,000. Finally, Franklin Resources Inc. acquired a new stake in Klarna Group during the third quarter worth about $10,995,000.

Klarna Group Stock Up 0.1%

KLAR stock opened at $17.38 on Monday. The business has a 50 day moving average price of $18.07 and a 200 day moving average price of $17.87. The stock has a market cap of $6.56 billion and a price-to-earnings ratio of -33.43. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 42.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Klarna Group plc will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

KLAR has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings lowered shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Zacks Research upgraded Klarna Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Citizens Jmp started coverage on Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating for the company. 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 note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and a consensus target price of $32.11.

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.