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

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

Katapult Price Performance

Shares of KPLT stock traded up $0.12 during trading hours on Tuesday, hitting $6.46. The company had a trading volume of 14,283 shares, compared to its average volume of 19,751. The company’s fifty day moving average is $6.67 and its 200 day moving average is $6.70. Katapult has a fifty-two week low of $5.50 and a fifty-two week high of $24.34. The stock has a market capitalization of $30.84 million, a PE ratio of 5.62 and a beta of 1.51.

Institutional Trading of Katapult

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Katapult by 6.1% during the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,586 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Katapult during the 3rd quarter worth approximately $273,000. Virtu Financial LLC acquired a new stake in Katapult during the 3rd quarter worth approximately $121,000. CIBC Bancorp USA Inc. purchased a new position in Katapult in the 3rd quarter valued at approximately $699,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Katapult by 131.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock worth $875,000 after acquiring an additional 77,042 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Analysts Set New Price Targets

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

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.