Geode Capital Management LLC Raises Stock Position in Katapult Holdings, Inc. (NASDAQ:KPLT)

Geode Capital Management LLC grew its holdings in Katapult Holdings, Inc. (NASDAQ:KPLT) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,233 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Geode Capital Management LLC owned about 0.94% of Katapult worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Renaissance Technologies LLC raised its stake in Katapult by 18.6% during the 2nd quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock valued at $353,000 after purchasing an additional 3,300 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KPLT has been the subject of several recent analyst reports. Cantor Fitzgerald raised shares of Katapult to a “hold” rating in a report on Thursday, October 3rd. Stephens began coverage on shares of Katapult in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $9.00 target price for the company.

Katapult Trading Down 5.7 %

NASDAQ:KPLT opened at $6.41 on Monday. The business’s 50-day moving average is $6.67 and its 200 day moving average is $10.94. Katapult Holdings, Inc. has a 12 month low of $5.08 and a 12 month high of $23.54. The company has a market capitalization of $28.15 million, a P/E ratio of -0.78 and a beta of 1.66.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.05) earnings per share (EPS) for the quarter. The firm had revenue of $60.31 million during the quarter. During the same quarter in the previous year, the business posted ($0.71) EPS. On average, research analysts forecast that Katapult Holdings, Inc. will post -3.12 earnings per share for the current year.

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.