DNB Asset Management AS Sells 280,229 Shares of Klarna Group plc $KLAR

DNB Asset Management AS lessened its holdings in shares of Klarna Group plc (NYSE:KLAR) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,572 shares of the company’s stock after selling 280,229 shares during the period. DNB Asset Management AS’s holdings in Klarna Group were worth $6,457,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of Klarna Group during the 3rd quarter valued at $30,000. BIT Capital GmbH bought a new stake in shares of Klarna Group during the 3rd quarter valued at $37,000. Allworth Financial LP bought a new stake in shares of Klarna Group during the 3rd quarter valued at $37,000. TD Waterhouse Canada Inc. bought a new position in Klarna Group in the 3rd quarter worth about $43,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Klarna Group in the 3rd quarter worth about $42,000.

Klarna Group Stock Performance

Shares of NYSE:KLAR opened at $15.59 on Tuesday. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The business has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $22.68. The firm has a market cap of $5.88 billion and a price-to-earnings ratio of -29.97.

Klarna Group (NYSE:KLAR) last issued its earnings results on Tuesday, May 12th. 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 7.64% and a negative net margin of 5.21%.The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $940.90 million. The business’s revenue for the quarter was up 42.7% on a year-over-year basis. As a group, research analysts predict that Klarna Group plc will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KLAR shares. Bank of America upped their price target on shares of Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company dropped their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, TD Cowen started coverage on shares of Klarna Group in a research note on Monday, May 11th. They issued a “hold” rating and a $16.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.24.

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.