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

Iridian Asset Management LLC CT lifted its stake in Katapult Holdings, Inc. (NASDAQ:KPLT) by 9.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 438,000 shares of the company’s stock after purchasing an additional 38,000 shares during the quarter. Iridian Asset Management LLC CT owned about 9.98% of Katapult worth $2,963,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC lifted its stake in Katapult by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock valued at $408,000 after acquiring an additional 2,825 shares during the period. Institutional investors own 26.81% of the company’s stock.

Katapult Stock Down 0.7 %

NASDAQ:KPLT opened at $9.29 on Friday. Katapult Holdings, Inc. has a 1-year low of $5.08 and a 1-year high of $23.54. The company has a 50 day moving average price of $7.40 and a 200-day moving average price of $9.93.

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

Analyst Ratings Changes

Separately, Stephens initiated coverage on Katapult in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $9.00 price target on the stock.

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.