Renaissance Technologies LLC Has $353,000 Position in Katapult Holdings, Inc. (NASDAQ:KPLT)

Renaissance Technologies LLC lifted its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 18.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned 0.51% of Katapult worth $353,000 at the end of the most recent quarter.

Separately, Iridian Asset Management LLC CT raised its position in shares of Katapult by 22.8% during the first quarter. Iridian Asset Management LLC CT now owns 328,000 shares of the company’s stock worth $3,824,000 after purchasing an additional 60,800 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Loop Capital dropped their price target on Katapult from $20.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 15th. Cantor Fitzgerald raised Katapult to a “hold” rating in a research report on Thursday, October 3rd.

Katapult Stock Performance

Shares of Katapult stock opened at $9.51 on Friday. The business’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $14.26. Katapult Holdings, Inc. has a 52-week low of $8.26 and a 52-week high of $23.54. The firm has a market cap of $39.05 million, a PE ratio of -1.38 and a beta of 1.70.

Katapult (NASDAQ:KPLT) last announced its earnings results on Wednesday, August 14th. The company reported ($1.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.30). The company had revenue of $58.86 million during the quarter.

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.