Katapult Group downgraded by Loop Capital with a new price target
$KPLT
Diversified Commercial Services
Consumer Discretionary
Loop Capital downgraded Katapult Group from Buy to Hold and set a new price target of $1.00 from $5.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $9.00 | Equal-Weight | Stephens |
| 5/11/2022 | $5.00 → $1.00 | Buy → Hold | Loop Capital |
| 10/5/2021 | $6.00 | Neutral | Cantor Fitzgerald |
| 7/19/2021 | Hold → Buy | Loop Capital |
PLANO, Texas, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, today announced gross originations for the fourth quarter ended December 31, 2024. Katapult's gross originations were approximately $75.2 million for the fourth quarter, an increase of 11.3% year-over-year and above the 6-8% growth range the company provided on November 6, 2024. This is expected to be the ninth consecutive quarter of year-over-year gross originations growth and the second highest level of gross originations volume in the company's history. Key drivers of the strong performance during the quarter include: Growth in application volume.
Eight Consecutive Quarters of Year-Over-Year Gross Originations Growth Expecting A Strong Holiday SeasonUpdates Full Year 2024 Gross Originations Outlook PLANO, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. ("Katapult" or the "Company") (NASDAQ:KPLT), an e-commerce-focused financial technology company, today reported its financial results for the third quarter ended September 30, 2024. "We are continuing to grow across key financial and operating metrics including gross originations and revenue, and we believe we are laying the foundation for the long-term success of Katapult," said Orlando Zayas, CEO of Katapult. "As we have grown the business, we've also meaning
PLANO, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, today announced it will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. The company will host a conference call and webcast to discuss these results at 8:00 AM ET that same day. A live audio webcast of the conference call will be available on the Katapult Investor Relations website at http://ir.katapultholdings.com/. A replay will be available on the investor relations website following the call. About Katapult Katapult is a technology driven lease-to-own platform that integrates with omni-chan
Stephens initiated coverage of Katapult Group with a rating of Equal-Weight and set a new price target of $9.00
Loop Capital downgraded Katapult Group from Buy to Hold and set a new price target of $1.00 from $5.00 previously
Cantor Fitzgerald initiated coverage of Katapult Group with a rating of Neutral and set a new price target of $6.00
Eight Consecutive Quarters of Year-Over-Year Gross Originations Growth Expecting A Strong Holiday SeasonUpdates Full Year 2024 Gross Originations Outlook PLANO, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. ("Katapult" or the "Company") (NASDAQ:KPLT), an e-commerce-focused financial technology company, today reported its financial results for the third quarter ended September 30, 2024. "We are continuing to grow across key financial and operating metrics including gross originations and revenue, and we believe we are laying the foundation for the long-term success of Katapult," said Orlando Zayas, CEO of Katapult. "As we have grown the business, we've also meaning
PLANO, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, today announced it will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. The company will host a conference call and webcast to discuss these results at 8:00 AM ET that same day. A live audio webcast of the conference call will be available on the Katapult Investor Relations website at http://ir.katapultholdings.com/. A replay will be available on the investor relations website following the call. About Katapult Katapult is a technology driven lease-to-own platform that integrates with omni-chan
Seventh Consecutive Quarter of Year-Over-Year Gross Originations Growth Reiterates Full Year 2024 Outlook For At Least 10% Gross Originations and Revenue Growth PLANO, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. ("Katapult" or the "Company") (NASDAQ:KPLT), an e-commerce-focused financial technology company, today reported its financial results for the second quarter ended June 30, 2024. "We grew the business across our key financial and operating metrics year-over-year - gross originations, revenue and Adjusted EBITDA - and continued to make strong progress on our growth strategy," said Orlando Zayas, CEO of Katapult. "Despite the macro headwinds in the home f
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PLANO, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, announced today that Meineke, a leading franchise-based automotive repair chain with more than 700 locations, has added Katapult to its consumer application process, Meineke Payment Solutions. The decision to work with Katapult was endorsed by the Meineke Dealers Association, an independent organization comprised of more than 500 Meineke franchise owners. Meineke Payment Solutions is powered by Meineke's partnership with Premier Services Group, a consumer financing solution provider, and FormPiper, a financing management platform. "The Meineke Dealers
PLANO, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (NASDAQ:KPLT), an e-commerce-focused financial technology company, is entering a dynamic new partnership with Casper, the innovative leader in sleep products. Under the terms of the partnership, Casper has integrated Katapult's innovative lease-to-own (LTO) solution into its payment checkout flow. Casper and Katapult expect this collaboration to unlock purchasing power for many underserved consumers who don't have access to traditional financing options. By integrating Katapult's solution, Casper and Katapult can create a path for these consumers to obtain premium sleep essentials that promote comfort and well-being, w
PLANO, Texas, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. ("Katapult" or the "Company") (NASDAQ:KPLT), has appointed Nancy Walsh as its new Chief Financial Officer, effective December 12, 2022. Former CFO Karissa Cupito is transitioning into a senior advisory role to support an orderly transition through the first quarter of 2023.Walsh is a highly accomplished senior finance executive with global and domestic leadership experience in entrepreneurial, investment grade growth companies. Most recently, she was Executive Vice President and Chief Financial Officer of LL Flooring Holdings, Inc. (NYSE:LL), formerly Lumber Liquidators Holdings, Inc., a multi-channel specialty retaile
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