Iridian Asset Management LLC CT Has $3.69 Million Stake in Katapult Holdings, Inc. $KPLT

Iridian Asset Management LLC CT reduced its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 45.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 308,616 shares of the company’s stock after selling 256,228 shares during the period. Katapult comprises approximately 1.5% of Iridian Asset Management LLC CT’s portfolio, making the stock its 23rd biggest position. Iridian Asset Management LLC CT owned about 6.75% of Katapult worth $3,691,000 as of its most recent SEC filing.

Katapult Stock Performance

NASDAQ:KPLT opened at $7.19 on Monday. Katapult Holdings, Inc. has a 52 week low of $5.50 and a 52 week high of $24.34. The firm has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $11.24. The firm has a market cap of $33.36 million, a price-to-earnings ratio of -1.21 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last released its earnings results on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The firm had revenue of $74.04 million during the quarter, compared to the consensus estimate of $74.55 million. As a group, sell-side analysts forecast that Katapult Holdings, Inc. will post -3.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

Katapult Company Profile

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.