Katapult (NASDAQ:KPLT – Get Free Report) released its earnings results on Thursday. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.01), FiscalAI reports. The firm had revenue of $753.89 million for the quarter, compared to analysts’ expectations of $75.30 million. Katapult had a negative return on equity of 26.41% and a net margin of 3.60%.
Katapult Stock Performance
NASDAQ KPLT traded down $3.02 during trading on Thursday, reaching $8.16. 811,758 shares of the company’s stock were exchanged, compared to its average volume of 410,165. The company has a 50 day moving average price of $7.72 and a two-hundred day moving average price of $6.90. The stock has a market cap of $40.56 million, a P/E ratio of 5.96 and a beta of 1.58. Katapult has a 1 year low of $3.85 and a 1 year high of $12.68.
Analysts Set New Price Targets
Several research analysts have commented on KPLT shares. Weiss Ratings cut shares of Katapult from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Katapult to a “hold” rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Katapult has an average rating of “Sell”.
Katapult Company Profile
Katapult Holdings, Inc. (NASDAQ: KPLT) is a financial technology company that provides lease-to-own payment solutions for consumers who may not qualify for traditional credit. Through its platform, consumers can obtain products from participating merchants and pay for them over time under lease-purchase agreements. Katapult’s technology is designed for integration with e-commerce and omnichannel retail platforms, allowing merchants to offer alternative payment options at the point of sale. The company supports purchases across product categories such as consumer electronics, appliances, furniture, mattresses and other household goods.
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