Stephens Forecasts Strong Price Appreciation for Katapult (NASDAQ:KPLT) Stock

Key Points

• Stephens has raised its price target for Katapult (NASDAQ:KPLT) from $9.00 to $10.00, indicating a potential downside of 21.88% from its previous close.
• In its latest quarterly earnings report, Katapult reported a loss of ($1.23) per share, underperforming the consensus estimate of ($0.72).
• Iridian Asset Management LLC CT increased its stake in Katapult by 31.7% during the first quarter, making it the fund's 18th largest position.

Katapult (NASDAQ:KPLT - Get Free Report) had its price target upped by analysts at Stephens from $9.00 to $10.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has an "equal weight" rating on the stock. Stephens' target price suggests a potential downside of 29.58% from the stock's current price.

Katapult Price Performance

Katapult stock traded up $0.17 during mid-day trading on Thursday, reaching $14.20. 20,223 shares of the company traded hands, compared to its average volume of 46,195. The firm's 50 day moving average price is $10.25 and its 200 day moving average price is $9.66. The firm has a market capitalization of $64.47 million, a price-to-earnings ratio of -2.02 and a beta of 1.75. Katapult has a 52-week low of $5.08 and a 52-week high of $15.47.

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

Institutional Trading of Katapult

A hedge fund recently raised its stake in Katapult stock. Northern Trust Corp boosted its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 52.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,201 shares of the company's stock after acquiring an additional 6,956 shares during the period. Northern Trust Corp owned 0.46% of Katapult worth $137,000 at the end of the most recent reporting period. 26.81% of the stock is currently owned by hedge funds and other 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.