Katapult Holdings, Inc. (NASDAQ:KPLT) Stake Boosted by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 52.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Separately, Iridian Asset Management LLC CT grew its holdings in shares of Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after acquiring an additional 38,000 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Stock Down 4.0%

Katapult stock opened at $8.99 on Wednesday. The company’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $8.50. Katapult Holdings, Inc. has a 12 month low of $5.08 and a 12 month high of $21.88. The stock has a market cap of $40.80 million, a P/E ratio of -1.09 and a beta of 1.64.

Katapult (NASDAQ:KPLT) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.51). The firm had revenue of $71.95 million for the quarter, compared to analyst estimates of $71.80 million. On average, equities research analysts expect that Katapult Holdings, Inc. will post -3.09 earnings per share for the current fiscal year.

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.