CIBC Private Wealth Group LLC Purchases 10,234 Shares of Katapult Holdings, Inc. (NASDAQ:KPLT)

CIBC Private Wealth Group LLC boosted its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 61.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,835 shares of the company’s stock after acquiring an additional 10,234 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Katapult were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Iridian Asset Management LLC CT boosted its position in shares of Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after acquiring an additional 38,000 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Katapult Stock Down 0.9 %

NASDAQ:KPLT opened at $8.94 on Monday. The firm has a market capitalization of $39.88 million, a PE ratio of -1.08 and a beta of 1.60. Katapult Holdings, Inc. has a 12-month low of $5.08 and a 12-month high of $23.54. The firm has a 50-day moving average price of $10.59 and a 200 day moving average price of $8.83.

Katapult (NASDAQ:KPLT) last issued its earnings results on Friday, March 28th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($1.03). The firm had revenue of $62.96 million during the quarter, compared to analyst estimates of $62.35 million. On average, research analysts expect that Katapult Holdings, Inc. will post -3.09 EPS for the current year.

Katapult Company 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.