Katapult (NASDAQ:KPLT) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Katapult (NASDAQ:KPLT) posted its earnings results on Tuesday. The company reported ($1.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.22) by ($0.19), FiscalAI reports. Katapult had a negative return on equity of 16.24% and a net margin of 2.48%.The firm had revenue of $74.76 million for the quarter, compared to analysts’ expectations of $73.10 million.

Katapult Price Performance

Katapult stock traded up $0.07 during midday trading on Tuesday, reaching $6.42. The company had a trading volume of 14,190 shares, compared to its average volume of 19,747. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34. The company has a market capitalization of $30.65 million, a P/E ratio of 5.59 and a beta of 1.51. The firm’s fifty day simple moving average is $6.67 and its 200-day simple moving average is $6.70.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Katapult from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $10.00.

Hedge Funds Weigh In On Katapult

Several hedge funds and other institutional investors have recently made changes to their positions in KPLT. Aptus Capital Advisors LLC acquired a new stake in shares of Katapult in the fourth quarter worth approximately $65,000. Jump Financial LLC acquired a new stake in Katapult during the 4th quarter worth $70,000. Bridgeway Capital Management LLC purchased a new stake in shares of Katapult during the fourth quarter worth $81,000. Virtu Financial LLC acquired a new stake in shares of Katapult in the third quarter valued at about $121,000. Finally, State Street Corp lifted its stake in shares of Katapult by 17.3% in the fourth quarter. State Street Corp now owns 20,979 shares of the company’s stock worth $136,000 after buying an additional 3,100 shares in the last quarter. Hedge funds and other 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.