Katapult (NASDAQ:KPLT) Posts Earnings Results

Katapult (NASDAQ:KPLT) posted its quarterly earnings data on Wednesday. The company reported ($2.05) earnings per share for the quarter, RTT News reports. The business had revenue of $60.31 million for the quarter. During the same period in the previous year, the firm posted ($0.71) earnings per share. Katapult updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Katapult Stock Down 4.8 %

NASDAQ KPLT opened at $7.11 on Friday. Katapult has a 12-month low of $7.06 and a 12-month high of $23.54. The company has a market capitalization of $29.62 million, a PE ratio of -0.86 and a beta of 1.72. The firm’s 50 day moving average is $9.87 and its 200-day moving average is $14.06.

Analyst Ratings Changes

Several equities research analysts have weighed in on KPLT shares. Cantor Fitzgerald upgraded shares of Katapult to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital lowered their price target on shares of Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 15th.

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.