Katapult (NASDAQ:KPLT) Coverage Initiated at Stephens

Stephens initiated coverage on shares of Katapult (NASDAQ:KPLT) in a research note published on Wednesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $9.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital lowered their price target on shares of Katapult from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, August 15th.

Katapult Price Performance

NASDAQ KPLT opened at $7.16 on Wednesday. Katapult has a 1 year low of $6.64 and a 1 year high of $23.54. The company has a market capitalization of $29.86 million, a PE ratio of -0.87 and a beta of 1.72. The company has a fifty day moving average of $9.44 and a 200 day moving average of $14.01.

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 firm had revenue of $60.31 million during the quarter. During the same period in the previous year, the firm posted ($0.71) earnings per share.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Katapult stock. Iridian Asset Management LLC CT grew its position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 27.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the company’s stock after purchasing an additional 85,742 shares during the period. Iridian Asset Management LLC CT owned approximately 9.74% of Katapult worth $4,156,000 as of its most recent SEC filing. 26.81% of the stock is owned by institutional investors and hedge funds.

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.