Iridian Asset Management LLC CT raised its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the company’s stock after purchasing an additional 85,742 shares during the quarter. Iridian Asset Management LLC CT owned 9.74% of Katapult worth $4,156,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC lifted its position in shares of Katapult by 18.6% during the second quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock worth $353,000 after purchasing an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on KPLT shares. Loop Capital decreased their price objective on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 15th. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a report on Thursday, October 3rd.
Katapult Stock Performance
Shares of Katapult stock opened at $8.55 on Thursday. The company has a market capitalization of $35.62 million, a PE ratio of -1.24 and a beta of 1.70. The company has a 50-day simple moving average of $10.40 and a two-hundred day simple moving average of $14.13. Katapult Holdings, Inc. has a one year low of $8.26 and a one year high of $23.54.
Katapult (NASDAQ:KPLT – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($1.61) EPS for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.30). The business had revenue of $58.86 million for the quarter.
Katapult 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.
Featured Stories
- Five stocks we like better than Katapult
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Viking Therapeutics Stock: A Pre-Election Bet Worth Considering
- What Are Some of the Best Large-Cap Stocks to Buy?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Investing in the High PE Growth Stocks
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
Receive News & Ratings for Katapult Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Katapult and related companies with MarketBeat.com's FREE daily email newsletter.