Corsair Capital Management L.P. Purchases Shares of 40,000 Klarna Group plc $KLAR

Corsair Capital Management L.P. acquired a new stake in shares of Klarna Group plc (NYSE:KLAR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,000 shares of the company’s stock, valued at approximately $524,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Commonwealth Bank of Australia purchased a new position in Klarna Group during the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP purchased a new stake in Klarna Group in the 3rd quarter worth approximately $348,834,000. Scge Management L.P. acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $193,018,000. MIC Capital Management UK LLP purchased a new position in shares of Klarna Group during the 3rd quarter valued at approximately $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Klarna Group during the 4th quarter valued at approximately $72,323,000.

Klarna Group Trading Up 0.1%

Shares of Klarna Group stock opened at $17.38 on Monday. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20. The firm has a market capitalization of $6.56 billion and a PE ratio of -33.43. The firm’s 50-day moving average price is $18.07 and its 200 day moving average price is $17.87.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping 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%.The company’s revenue was up 42.7% on a year-over-year basis. On average, sell-side analysts predict that Klarna Group plc will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KLAR shares. UBS Group increased their price target on shares of Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Barclays started coverage on shares of Klarna Group in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley upped their price target on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.11.

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.