Katapult's (KPLT) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Katapult's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating ongoing negative sentiment from analysts.
• Stephens has raised Katapult's price target from $9.00 to $10.00, while the consensus rating remains at "Reduce."
• Katapult reported an earnings miss with a loss of $1.63 per share, below the expected loss of $1.13, despite revenue exceeding analyst expectations.

Katapult (NASDAQ:KPLT - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Stephens increased their price objective on Katapult from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Katapult has a consensus rating of "Reduce" and a consensus target price of $10.00.

Katapult Trading Up 7.3%

NASDAQ:KPLT opened at $14.66 on Wednesday. Katapult has a 12 month low of $5.08 and a 12 month high of $24.34. The firm has a fifty day simple moving average of $16.00 and a 200-day simple moving average of $11.34. The company has a market capitalization of $67.00 million, a P/E ratio of -2.09 and a beta of 1.73.

Katapult (NASDAQ:KPLT - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.50). The company had revenue of $71.89 million during the quarter, compared to analysts' expectations of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Katapult will post -3.09 EPS for the current year.

Hedge Funds Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT grew its stake in Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 31.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 576,648 shares of the company's stock after buying an additional 138,648 shares during the quarter. Katapult accounts for about 1.9% of Iridian Asset Management LLC CT's portfolio, making the stock its 18th largest holding. Iridian Asset Management LLC CT owned about 12.93% of Katapult worth $5,899,000 as of its most recent filing with the Securities & Exchange Commission. 26.81% of the stock is currently owned by institutional investors.

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.

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