100,000 Shares in Klarna Group plc $KLAR Purchased by Monashee Investment Management LLC

Monashee Investment Management LLC purchased a new stake in Klarna Group plc (NYSE:KLAR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $3,665,000. Klarna Group makes up about 1.8% of Monashee Investment Management LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. US Bancorp DE bought a new position in shares of Klarna Group in the third quarter worth approximately $30,000. BIT Capital GmbH purchased a new position in Klarna Group in the 3rd quarter worth approximately $37,000. Compagnie Lombard Odier SCmA bought a new position in shares of Klarna Group in the 3rd quarter worth $42,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $43,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Klarna Group during the 3rd quarter worth $46,000.

Wall Street Analysts Forecast Growth

KLAR has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Morgan Stanley reduced their price objective on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen cut shares of Klarna Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Wolfe Research lowered their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Klarna Group Price Performance

Shares of KLAR stock opened at $13.58 on Friday. The firm’s 50-day moving average is $24.39. Klarna Group plc has a 1-year low of $12.50 and a 1-year high of $57.20. The stock has a market cap of $9.75 billion and a PE ratio of -17.64.

Klarna Group 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.