Katapult (NASDAQ:KPLT – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.01), FiscalAI reports. The company had revenue of $753.89 million during the quarter, compared to analyst estimates of $75.30 million. Katapult had a net margin of 3.60% and a negative return on equity of 26.41%.
Katapult Trading Down 27.0%
Shares of KPLT stock traded down $3.02 during mid-day trading on Thursday, reaching $8.16. The stock had a trading volume of 811,758 shares, compared to its average volume of 410,165. The company has a market cap of $40.56 million, a P/E ratio of 5.96 and a beta of 1.58. Katapult has a 12-month low of $3.85 and a 12-month high of $12.68. The business has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $6.90.
Analysts Set New Price Targets
Several brokerages have weighed in on KPLT. Wall Street Zen upgraded shares of Katapult to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings downgraded shares of Katapult from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on KPLT
Katapult Company Profile
Katapult Holdings, Inc. (NASDAQ: KPLT) is a financial technology company that provides lease-to-own payment solutions for consumers who may not qualify for traditional credit. Through its platform, consumers can obtain products from participating merchants and pay for them over time under lease-purchase agreements. Katapult’s technology is designed for integration with e-commerce and omnichannel retail platforms, allowing merchants to offer alternative payment options at the point of sale. The company supports purchases across product categories such as consumer electronics, appliances, furniture, mattresses and other household goods.
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