Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLTGet Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Hedge Funds Weigh In On Katapult

A number of institutional investors have recently made changes to their positions in KPLT. Northern Trust Corp raised its stake in shares of Katapult by 52.5% during the fourth quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock worth $137,000 after acquiring an additional 6,956 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Katapult by 61.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after acquiring an additional 10,234 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its stake in 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 purchasing an additional 38,000 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

Katapult Trading Up 0.7%

Shares of Katapult stock opened at $9.05 on Thursday. The company has a market capitalization of $41.07 million, a P/E ratio of -1.10 and a beta of 1.75. The stock has a fifty day simple moving average of $8.09 and a 200 day simple moving average of $8.50. Katapult has a 12-month low of $5.08 and a 12-month high of $21.88.

Katapult (NASDAQ:KPLTGet Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.51). The business had revenue of $71.95 million for the quarter, compared to analyst estimates of $71.80 million. On average, analysts predict that Katapult will post -3.09 EPS for the current year.

About Katapult

(Get Free Report)

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.

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