State of Wyoming Purchases 43,412 Shares of Klarna Group plc $KLAR

State of Wyoming raised its position in Klarna Group plc (NYSE:KLAR) by 137.1% during the first quarter, Holdings Channel.com reports. The fund owned 75,088 shares of the company’s stock after purchasing an additional 43,412 shares during the quarter. State of Wyoming’s holdings in Klarna Group were worth $983,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KLAR. US Bancorp DE bought a new stake in shares of Klarna Group in the third quarter worth about $30,000. Global Retirement Partners LLC raised 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 valued at $26,000 after purchasing an additional 800 shares during the last quarter. Allworth Financial LP purchased a new stake in Klarna Group in the 3rd quarter worth approximately $37,000. Leonteq Securities AG purchased a new stake in Klarna Group in the 4th quarter worth approximately $29,000. Finally, CWM LLC grew its position in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after buying an additional 949 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KLAR shares. Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Morgan Stanley lifted their price target on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Bank of America boosted their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Citizens Jmp started coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company cut their target price 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, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.11.

Klarna Group Stock Performance

Shares of NYSE:KLAR opened at $17.89 on Thursday. The firm has a market capitalization of $6.75 billion and a P/E ratio of -34.40. The stock has a 50 day moving average price of $18.00 and a 200-day moving average price of $18.03. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating 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 business’s quarterly revenue was up 42.7% on a year-over-year basis. On average, equities analysts forecast that Klarna Group plc will post 0.05 EPS for the current fiscal year.

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.