Katapult (KPLT) Projected to Post Quarterly Earnings on Wednesday

Katapult (NASDAQ:KPLT) will likely be posting its results before the market opens on Wednesday, March 11th. Analysts expect Katapult to post earnings of ($1.13) per share and revenue of $76.35 million for the quarter.

Katapult Stock Performance

NASDAQ KPLT opened at $5.81 on Friday. The business has a fifty day moving average price of $6.54 and a 200 day moving average price of $10.01. The company has a market cap of $26.96 million, a P/E ratio of -0.98 and a beta of 1.76. Katapult has a one year low of $5.50 and a one year high of $24.34.

Institutional Trading of Katapult

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new stake in shares of Katapult during the 4th quarter valued at approximately $1,055,000. CIBC Private Wealth Group LLC grew its position in Katapult by 131.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock worth $875,000 after acquiring an additional 77,042 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Katapult during the third quarter worth $699,000. Vanguard Group Inc. increased its stake in Katapult by 6.1% during the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after acquiring an additional 7,586 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Katapult in the fourth quarter valued at $81,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Katapult Company Profile

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.