Katapult (NASDAQ:KPLT) Issues Earnings Results

Katapult (NASDAQ:KPLT) issued its quarterly earnings results on Wednesday. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.72), FiscalAI reports. The business had revenue of $74.04 million during the quarter, compared to the consensus estimate of $74.55 million. Katapult updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Katapult Trading Down 6.5%

KPLT stock traded down $0.43 during trading on Wednesday, hitting $6.21. 235,612 shares of the stock traded hands, compared to its average volume of 61,723. The stock has a market cap of $28.38 million, a price-to-earnings ratio of -0.89 and a beta of 1.72. Katapult has a one year low of $5.08 and a one year high of $24.34. The company has a 50 day simple moving average of $14.88 and a 200 day simple moving average of $11.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KPLT shares. Stephens raised their price objective on shares of Katapult from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $10.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Katapult stock. Vanguard Group Inc. lifted its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,054 shares of the company’s stock after buying an additional 7,586 shares during the quarter. Vanguard Group Inc. owned about 2.87% of Katapult worth $1,567,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.