Katapult (NASDAQ:KPLT) Issues Earnings Results

Katapult (NASDAQ:KPLT) posted its earnings results on Wednesday. The company reported ($2.05) EPS for the quarter, RTT News reports. The business had revenue of $60.31 million for the quarter. During the same period in the prior year, the firm posted ($0.71) earnings per share. Katapult updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Katapult Stock Performance

Shares of KPLT stock traded down $0.35 during mid-day trading on Thursday, reaching $7.11. 16,713 shares of the company’s stock traded hands, compared to its average volume of 24,381. Katapult has a 12 month low of $7.06 and a 12 month high of $23.54. The firm has a 50 day moving average price of $9.99 and a two-hundred day moving average price of $14.11. The firm has a market capitalization of $29.62 million, a PE ratio of -0.91 and a beta of 1.72.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KPLT. Loop Capital cut their price objective on shares of Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 15th. Cantor Fitzgerald raised shares of Katapult to a “hold” rating in a research report on Thursday, October 3rd.

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.