Katapult (NASDAQ:KPLT) Releases Earnings Results, Beats Estimates By $5.43 EPS

Katapult (NASDAQ:KPLT) announced its quarterly earnings data on Wednesday. The company reported $4.30 earnings per share 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 the consensus estimate of $76.35 million.

Katapult Trading Down 2.3%

NASDAQ KPLT opened at $5.92 on Wednesday. The firm has a market capitalization of $27.47 million, a P/E ratio of -1.00 and a beta of 1.76. The firm’s fifty day moving average price is $6.50 and its two-hundred day moving average price is $9.84. Katapult has a 1 year low of $5.50 and a 1 year high of $24.34.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a report on Thursday, January 22nd. One research 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 has an average rating of “Reduce” and a consensus target price of $10.00.

Institutional Investors Weigh In On Katapult

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

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.