Katapult (KPLT) to Release Earnings on Wednesday

Katapult (NASDAQ:KPLT) is projected to release its results before the market opens on Wednesday, March 11th. Analysts expect Katapult to post earnings of ($1.13) per share and revenue of $76.35 million for the quarter.

Katapult Trading Down 2.5%

Shares of KPLT opened at $5.81 on Friday. The company’s 50-day moving average price is $6.54 and its 200 day moving average price is $10.01. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34. The firm has a market cap of $26.96 million, a P/E ratio of -0.98 and a beta of 1.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Katapult currently has an average rating of “Reduce” and a consensus target price of $10.00.

Institutional Trading of Katapult

A number of large investors have recently made changes to their positions in KPLT. Vanguard Group Inc. raised its holdings in Katapult by 6.1% in the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock valued at $1,567,000 after acquiring an additional 7,586 shares in the last quarter. Two Sigma Investments LP acquired a new position in Katapult during the 3rd quarter worth approximately $273,000. Virtu Financial LLC acquired a new position in Katapult during the 3rd quarter worth approximately $121,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Katapult in the 3rd quarter valued at approximately $699,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Katapult by 131.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock valued at $875,000 after purchasing an additional 77,042 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Katapult Company Profile

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.