Katapult (NASDAQ:KPLT) Issues Quarterly Earnings Results, Misses Expectations By $0.72 EPS

Katapult (NASDAQ:KPLT) posted its earnings results on Wednesday. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.72), FiscalAI reports. The business had revenue of $74.04 million for the quarter, compared to analyst estimates of $74.55 million. Katapult updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Katapult Trading Down 1.6%

Shares of NASDAQ:KPLT opened at $6.20 on Friday. The stock has a 50 day moving average of $14.35 and a 200 day moving average of $11.73. The company has a market cap of $28.33 million, a PE ratio of -1.05 and a beta of 1.72. Katapult has a 12-month low of $5.08 and a 12-month high of $24.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Katapult stock. Vanguard Group Inc. raised its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,054 shares of the company’s stock after purchasing an additional 7,586 shares during the period. Vanguard Group Inc. owned 2.87% of Katapult worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 26.81% of the company’s stock.

Analyst Upgrades and Downgrades

KPLT has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a report on Wednesday, October 8th. Stephens upped their price target on shares of Katapult from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $10.00.

About Katapult

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.