Klarna Group Target of Unusually Large Options Trading (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) was the target of some unusual options trading on Wednesday. Stock traders purchased 24,024 call options on the company. This represents an increase of approximately 183% compared to the average daily volume of 8,480 call options.

Wall Street Analyst Weigh In

Several research analysts have commented on KLAR shares. Bank of America decreased their target price on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Wolfe Research cut their target price on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wells Fargo & Company decreased their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Citigroup reduced their price objective on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Klarna Group Price Performance

Klarna Group stock traded up $0.20 during midday trading on Wednesday, hitting $13.58. The company’s stock had a trading volume of 4,233,001 shares, compared to its average volume of 5,606,127. Klarna Group has a 12 month low of $12.50 and a 12 month high of $57.20. The firm has a market capitalization of $9.75 billion and a P/E ratio of -17.66. The business’s 50-day simple moving average is $23.69.

Institutional Trading of Klarna Group

A number of large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares during the period. Leonteq Securities AG purchased a new stake in shares of Klarna Group in the fourth quarter worth approximately $29,000. US Bancorp DE acquired a new stake in shares of Klarna Group during the third quarter worth approximately $30,000. BIT Capital GmbH purchased a new position in Klarna Group during the third quarter valued at approximately $37,000. Finally, Allworth Financial LP acquired a new position in Klarna Group in the 3rd quarter valued at approximately $37,000.

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.