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

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

Katapult Price Performance

NASDAQ:KPLT traded up $0.07 during midday trading on Tuesday, hitting $6.42. The company’s stock had a trading volume of 14,190 shares, compared to its average volume of 19,747. Katapult has a fifty-two week low of $5.50 and a fifty-two week high of $24.34. The firm has a market cap of $30.65 million, a P/E ratio of 5.59 and a beta of 1.51. The firm’s 50 day moving average is $6.67 and its 200-day moving average is $6.70.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Katapult from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Katapult has a consensus rating of “Reduce” and an average price target of $10.00.

Institutional Trading of Katapult

Several large investors have recently made changes to their positions in the business. Cantor Fitzgerald L. P. purchased a new position in Katapult during the fourth quarter valued at approximately $1,055,000. CIBC Private Wealth Group LLC grew its stake in shares of Katapult by 131.8% during 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 during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Katapult during the 3rd quarter valued at approximately $699,000. Two Sigma Investments LP purchased a new position in shares of Katapult during the 3rd quarter valued at approximately $273,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Katapult in the 4th quarter valued at $81,000. 26.81% of the stock is owned by hedge funds and other 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.