Katapult Holdings Inc. (NASDAQ:KPLT) shares traded -20.78% lower at $0.80 on Wall Street last session.
In accordance with the data, 2 analysts cover Katapult Holdings Inc. (NASDAQ:KPLT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $1.00, we find $1.50. Given the previous closing price of $1.01, this indicates a potential upside of 48.51 percent. KPLT stock price is now -18.33% away from the 50-day moving average and -27.70% away from the 200-day moving average. The market capitalization of the company currently stands at $77.19M.
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It has been rated a hold by 2 analysts and a buy by 0. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
With the price target reduced from $5 to $1, Loop Capital Downgraded its rating from Buy to Hold for Katapult Holdings Inc. (NASDAQ: KPLT). On October 05, 2021, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $6, while ‘Loop Capital’ rates the stock as ‘Buy’.
In other news, Zayas Orlando, Chief Executive Officer sold 17,382 shares of the company’s stock on Feb 15. The stock was sold for $16,721 at an average price of $0.96. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,874,335 shares in the company, valued at $2.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 04, Chief Executive Officer Zayas Orlando sold 59,919 shares of the business’s stock. A total of $53,687 was realized by selling the stock at an average price of $0.90. This leaves the insider owning 2,875,586 shares of the company worth $2.3 million. Insiders disposed of 303,469 shares of company stock worth roughly $0.24 million over the past 1 year. A total of 7.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KPLT stock. A new stake in Katapult Holdings Inc. shares was purchased by GROUP ONE TRADING, L.P. during the first quarter worth $60,000. JANE STREET GROUP, LLC invested $18,000 in shares of KPLT during the first quarter. In the first quarter, JAMES INVESTMENT RESEARCH INC acquired a new stake in Katapult Holdings Inc. valued at approximately $16,000. NEWEDGE ADVISORS, LLC acquired a new stake in KPLT for approximately $16,000. TOWER RESEARCH CAPITAL LLC (TRC) purchased a new stake in KPLT valued at around $6,000 in the second quarter. In total, there are 55 active investors with 27.30% ownership of the company’s stock.
Katapult Holdings Inc. (NASDAQ: KPLT) opened at $0.9950 on Thursday. During the past 12 months, Katapult Holdings Inc. has had a low of $0.74 and a high of $2.70. As of last week, the company has a debt-to-equity ratio of 4.68, a current ratio of 7.60, and a quick ratio of 7.60. The fifty day moving average price for KPLT is $0.9797 and a two-hundred day moving average price translates $1.1066 for the stock.
The latest earnings results from Katapult Holdings Inc. (NASDAQ: KPLT) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.12 by 0.04. This compares to $0.13 EPS in the same period last year. The net profit margin was -6.70% and return on equity was -52.70% for KPLT. The company reported revenue of $50.34 million for the quarter, compared to $71.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.8 percent. For the current quarter, analysts expect KPLT to generate $47.93M in revenue.
Katapult Holdings Inc.(KPLT) 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 merchants. The company was formerly known as Cognical Holdings, Inc. and changed its name to Katapult Holdings, Inc. in February 2020. The company is headquartered in Plano, Texas.
