Katapult (NASDAQ:KPLT) Given a $10.00 Price Target by Stephens Analysts

Katapult (NASDAQ:KPLT) received a $10.00 price target from analysts at Stephens in a report issued on Thursday, Marketbeat reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price objective would suggest a potential downside of 28.83% from the stock’s previous close.

Katapult Stock Performance

NASDAQ:KPLT opened at $14.05 on Thursday. The firm has a market cap of $63.79 million, a P/E ratio of -2.00 and a beta of 1.75. Katapult has a fifty-two week low of $5.08 and a fifty-two week high of $15.47. The firm has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $9.62.

Katapult (NASDAQ:KPLT) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($1.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.50). The business had revenue of $71.89 million for the quarter, compared to analyst estimates of $70.45 million. On average, equities research analysts predict that Katapult will post -3.09 EPS for the current year.

Hedge Funds Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Iridian Asset Management LLC CT increased its holdings in Katapult Holdings, Inc. (NASDAQ:KPLT) by 31.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 576,648 shares of the company’s stock after buying an additional 138,648 shares during the quarter. Katapult accounts for about 1.9% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 18th largest position. Iridian Asset Management LLC CT owned approximately 12.93% of Katapult worth $5,899,000 at the end of the most recent quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.