Stephens Initiates Coverage on Katapult (NASDAQ:KPLT)

Research analysts at Stephens started coverage on shares of Katapult (NASDAQ:KPLT) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $9.00 price target on the stock. Stephens’ price objective would suggest a potential upside of 30.25% from the stock’s previous close.

Several other brokerages have also recently issued reports on KPLT. Cantor Fitzgerald raised Katapult to a “hold” rating in a report on Thursday, October 3rd. Loop Capital lowered their price target on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 15th.

Katapult Price Performance

Shares of KPLT opened at $6.91 on Wednesday. The stock has a market capitalization of $28.81 million, a price-to-earnings ratio of -0.84 and a beta of 1.72. Katapult has a 1 year low of $6.64 and a 1 year high of $23.54. The business’s 50 day simple moving average is $9.52 and its 200-day simple moving average is $14.06.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.05) earnings per share (EPS) for the quarter. The firm had revenue of $60.31 million during the quarter. During the same quarter in the previous year, the business posted ($0.71) EPS.

Institutional Trading of Katapult

An institutional investor recently raised its position in Katapult stock. Renaissance Technologies LLC raised its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 18.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,000 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned 0.51% of Katapult worth $353,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.