Katapult (NASDAQ:KPLT) Earns Equal Weight Rating from Analysts at Stephens

Stock analysts at Stephens started coverage on shares of Katapult (NASDAQ:KPLT) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage set an “equal weight” rating and a $9.00 price target on the stock. Stephens’ price target suggests a potential upside of 39.10% from the stock’s previous close.

KPLT has been the subject of several other reports. Loop Capital decreased their price target 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 shares of Katapult to a “hold” rating in a research report on Thursday, October 3rd.

Katapult Stock Performance

NASDAQ KPLT opened at $6.47 on Wednesday. The firm’s fifty day moving average is $9.35 and its two-hundred day moving average is $13.96. Katapult has a one year low of $6.44 and a one year high of $23.54. The firm has a market cap of $26.98 million, a PE ratio of -0.78 and a beta of 1.72.

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

Hedge Funds Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Renaissance Technologies LLC increased its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the company’s stock after acquiring an additional 3,300 shares during the period. Renaissance Technologies LLC owned approximately 0.51% of Katapult worth $353,000 as of its most recent SEC filing. 26.81% of the stock is currently owned by institutional investors.

About Katapult

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.