Catapult Group Expands with Acquisition of Perch

The latest announcement is out from Catapult Group International ( (AU:CAT) ).

Catapult Group International has announced the acquisition of Catalyft Labs, Inc., trading as Perch, and has issued 2,498,227 fully paid ordinary shares in connection with this acquisition. This strategic move is expected to bolster Catapult’s market positioning in sports analytics and performance optimization, potentially offering enhanced value to stakeholders and expanding its operational capabilities.

The most recent analyst rating on (AU:CAT) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.

More about Catapult Group International

Catapult Group International operates at the intersection of sports science and analytics, offering products designed to optimize athletic performance, prevent injuries, and enhance return-to-play protocols. The company collaborates with over 4,600 elite teams across more than 40 sports in over 100 countries globally.

Average Trading Volume: 1,592,423

Technical Sentiment Signal: Buy

Current Market Cap: A$1.49B

See more insights into CAT stock on TipRanks’ Stock Analysis page.