Katapult (KPLT) Stock Price, News & Analysis

Company Overview

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. It also offers Katapult Pay, a one-time use virtual card technology that makes lease purchasing and transactions. The company was formerly known as Cognical Holdings, Inc. and changed its name to Katapult Holdings, Inc. in February 2020. The company is headquartered in Plano, Texas.

Key Stats

• Today's Range: $5.88 to $6.50
• 50-Day Range: $5.92 to $9.42
• 52-Week Range: $5.79 to $23.54
• Volume: 115,761 shs
• Average Volume: 24,686 shs
• Market Capitalization: $25.99 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $12.00
• Consensus Rating: Hold

Katapult Stock Analysis - MarketRank™

Katapult scored higher than 52% of companies evaluated by MarketBeat, and ranked 162nd out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Katapult has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Katapult has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Katapult are expected to grow in the coming year, from ($3.12) to ($2.55) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Katapult is -0.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Katapult is -0.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.53% of the float of Katapult has been sold short.

Short Interest Ratio / Days to Cover

Katapult has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Katapult has recently decreased by 13.58%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Katapult does not currently pay a dividend.

Dividend Growth

Katapult does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.53% of the float of Katapult has been sold short.

Short Interest Ratio / Days to Cover

Katapult has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Katapult has recently decreased by 13.58%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.32

News Sentiment

Katapult has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Katapult this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Katapult insiders have not sold or bought any company stock.

Percentage Held by Insiders

40.00% of the stock of Katapult is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.81% of the stock of Katapult is held by institutions.

KPLT Stock Analysis - Frequently Asked Questions

How have KPLT shares performed this year?

Katapult's stock was trading at $10.89 at the beginning of 2024. Since then, KPLT stock has decreased by 45.6% and is now trading at $5.92.
View the best growth stocks for 2024 here.

How were Katapult's earnings last quarter?

Katapult Holdings, Inc. (NASDAQ:KPLT) released its quarterly earnings data on Wednesday, November, 6th. The company reported ($2.05) earnings per share (EPS) for the quarter. The firm earned $60.31 million during the quarter.

When did Katapult's stock split?

Katapult's stock reverse split before market open on Friday, July 28th 2023. The 1-25 reverse split was announced on Friday, July 28th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, July 28th 2023. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

Who are Katapult's major shareholders?

Katapult's top institutional shareholders include Iridian Asset Management LLC CT (9.74%) and Geode Capital Management LLC (0.94%). Insiders that own company stock include Orlando Zayas, Lee Einbinder, Fangqui Sun, Karissa Cupito, Chandan Chopra, Brian Hirsch, Jane J Thompson and Bruce Taragin.
View institutional ownership trends.

How do I buy shares of Katapult?

Shares of KPLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Katapult own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Katapult investors own include Block (SQ), Digital Turbine (APPS), SoFi Technologies (SOFI), ChargePoint (CHPT), CrowdStrike (CRWD) and Canoo (GOEV).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Equipment rental & leasing, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:KPLT
• CUSIP: N/A
• CIK: 1785424
• Web: katapult.com
• Phone: 833-528-2785
• Fax: N/A
• Employees: 130
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.00
• High Stock Price Target: $15.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +102.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($8.25)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-36,670,000.00
• Net Margins: -14.50%
• Pretax Margin: -12.76%
• Return on Equity: N/A
• Return on Assets: -34.41%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.68
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $241.79 million
• Price / Sales: 0.11
• Cash Flow: $21.14 per share
• Price / Cash Flow: 0.28
• Book Value: ($6.87) per share
• Price / Book: -0.86

Miscellaneous

• Outstanding Shares: 4,391,000
• Free Float: 2,635,000
• Market Cap: $25.99 million
• Optionable: No Data
• Beta: 1.67