Katapult (NASDAQ:KPLT) Issues Earnings Results

Katapult (NASDAQ:KPLT) released its quarterly earnings data on Wednesday. The company reported $4.30 EPS for the quarter, beating the consensus estimate of ($1.13) by $5.43, reports. The company had revenue of $73.89 million during the quarter, compared to analyst estimates of $76.35 million.

Katapult Price Performance

KPLT opened at $5.92 on Wednesday. The business has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $9.84. Katapult has a 1 year low of $5.50 and a 1 year high of $24.34. The company has a market capitalization of $27.47 million, a PE ratio of -1.00 and a beta of 1.76.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Katapult

A number of institutional investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. bought a new stake in shares of Katapult in the fourth quarter valued at about $1,055,000. CIBC Private Wealth Group LLC raised its stake in Katapult by 131.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock worth $875,000 after purchasing an additional 77,042 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Katapult in the 3rd quarter worth about $699,000. Two Sigma Investments LP bought a new stake in Katapult in the 3rd quarter valued at about $273,000. Finally, Bridgeway Capital Management LLC bought a new stake in Katapult in the 4th quarter valued at about $81,000. Institutional investors own 26.81% of the company’s stock.

About Katapult

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.