Katapult (NASDAQ:KPLT) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Katapult (NASDAQ:KPLT) in a research report report published on Wednesday morning, Marketbeat reports. The firm issued an equal weight rating and a $9.00 price target on the stock.

KPLT has been the subject of several other reports. Loop Capital decreased their price objective on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a research note on Thursday, October 3rd.

Katapult Stock Performance

Shares of KPLT opened at $6.63 on Wednesday. The stock has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $13.93. Katapult has a 52-week low of $6.44 and a 52-week high of $23.54. The firm has a market capitalization of $27.62 million, a PE ratio of -0.80 and a beta of 1.72.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.05) earnings per share (EPS) for the quarter. The company had revenue of $60.31 million during the quarter. During the same period last year, the firm posted ($0.71) earnings per share.

Institutional Investors Weigh In On Katapult

Several institutional investors have recently bought and sold shares of KPLT. Iridian Asset Management LLC CT lifted its stake in Katapult by 27.3% in the 3rd quarter. Iridian Asset Management LLC CT now owns 400,000 shares of the company’s stock valued at $4,156,000 after acquiring an additional 85,742 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Katapult by 18.6% during the 2nd quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock worth $353,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Katapult by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock worth $408,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

Katapult Company Profile

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.