Katapult Target of Unusually High Options Trading (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 21,767 put options on the company. This is an increase of 1,055% compared to the average daily volume of 1,884 put options.

Katapult Price Performance

KPLT opened at $7.20 on Thursday. The stock has a market capitalization of $34.34 million, a P/E ratio of -48.00 and a beta of 1.76. The company’s 50 day simple moving average is $6.56 and its 200-day simple moving average is $9.15. Katapult has a one year low of $5.50 and a one year high of $24.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cobalt Capital Management Inc. acquired a new position in Katapult in the fourth quarter valued at approximately $154,000. Bridgeway Capital Management LLC acquired a new stake in Katapult during the 4th quarter worth $81,000. Cantor Fitzgerald L. P. acquired a new stake in Katapult during the 4th quarter worth $1,055,000. Jump Financial LLC bought a new stake in shares of Katapult during the 4th quarter valued at $70,000. Finally, OCO Capital Partners L.P. bought a new stake in shares of Katapult during the 4th quarter valued at $323,000. 26.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Katapult presently has an average rating of “Reduce” and a consensus target price of $10.00.

Katapult Company Profile

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.