Fintel reports that Tiger Global Management has filed a 13G/A form with the SEC disclosing ownership of 2.50MM shares of Katapult Holdings, Inc. (KPLT). This represents 2.5% of the company.

In their previous filing dated June 21, 2021 they reported 5.00MM shares and 5.60% of the company, a decrease in shares of 50.00% and a decrease in total ownership of 3.10% (calculated as current - previous percent ownership).

Analyst Price Forecast Suggests 56.71% Upside

As of February 14, 2023, the average one-year price target for Katapult Holdings is $1.53. The forecasts range from a low of $1.01 to a high of $2.10. The average price target represents an increase of 56.71% from its latest reported closing price of $0.98.

The projected annual revenue for Katapult Holdings is $207MM, a decrease of 12.53%. The projected annual EPS is -$0.16.

What is the Fund Sentiment?

There are 79 funds or institutions reporting positions in Katapult Holdings. This is a decrease of 4 owner(s) or 4.82% in the last quarter. Average portfolio weight of all funds dedicated to KPLT is 0.02%, a decrease of 0.99%. Total shares owned by institutions decreased in the last three months by 9.42% to 23,152K shares. The put/call ratio of KPLT is 0.08, indicating a bullish outlook.

What are large shareholders doing?

Iridian Asset Management holds 6,666K shares representing 6.77% ownership of the company. In it's prior filing, the firm reported owning 5,361K shares, representing an increase of 19.57%. The firm increased its portfolio allocation in KPLT by 13.23% over the last quarter.

Anchorage Capital Group, L.L.C. holds 2,626K shares representing 2.67% ownership of the company. No change in the last quarter.

Ionic Capital Management holds 2,000K shares representing 2.03% ownership of the company. In it's prior filing, the firm reported owning 9K shares, representing an increase of 99.56%. The firm increased its portfolio allocation in KPLT by 2,655.62% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,643K shares representing 1.67% ownership of the company. In it's prior filing, the firm reported owning 1,001K shares, representing an increase of 39.10%. The firm increased its portfolio allocation in KPLT by 53.59% over the last quarter.

Venturi Wealth Management holds 1,190K shares representing 1.21% ownership of the company. No change in the last quarter.

Katapult Holdings Background Information
(This description is provided by the company.)

Katapult is the leading omnichannel lease-purchase platform, providing alternative solutions for retailers and consumers. As a financial technology company, Katapult provides cutting-edge technology that integrates seamlessly with online platforms, enabling our retail partners to expand their customer base, increase transactions, and grow revenue. Katapult's consumer-centric focus ensures an efficient application and approval process while providing transparent and tailored payment terms. Katapult partners with hundreds of retailers across the United States and millions of approved consumers to create new opportunities for point-of-sale transactions.