Iridian Asset Management LLC CT Raises Holdings in Katapult Holdings, Inc. (NASDAQ:KPLT)

Iridian Asset Management LLC CT lifted its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 27.3% during the third quarter, Holdings Channel.com reports. The fund owned 400,000 shares of the company’s stock after acquiring an additional 85,742 shares during the period. Iridian Asset Management LLC CT owned 0.10% of Katapult worth $4,156,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC grew its stake in shares of Katapult by 18.6% during the second quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock worth $353,000 after acquiring an additional 3,300 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KPLT has been the topic of a number of research analyst reports. 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 note on Thursday, August 15th. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a research report on Thursday, October 3rd.

Katapult Stock Up 1.7 %

Shares of NASDAQ KPLT opened at $8.55 on Thursday. The business’s 50 day moving average price is $10.40 and its 200 day moving average price is $14.13. The firm has a market cap of $35.62 million, a P/E ratio of -1.24 and a beta of 1.70. Katapult Holdings, Inc. has a 52 week low of $8.26 and a 52 week high of $23.54.

Katapult (NASDAQ:KPLT) last issued its earnings results on Wednesday, August 14th. The company reported ($1.61) 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.

Katapult 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.