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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading on Wednesday. Traders acquired 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Katapult in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $10.00.

Katapult Trading Down 0.6%

NASDAQ:KPLT opened at $6.56 on Thursday. The stock’s 50-day moving average is $6.55 and its 200-day moving average is $11.10. Katapult has a 1-year low of $5.50 and a 1-year high of $24.34. The stock has a market cap of $30.44 million, a P/E ratio of -1.11 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last announced its earnings results on Wednesday, November 12th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The business had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $74.55 million. As a group, equities analysts forecast that Katapult will post -3.09 EPS for the current year.

Hedge Funds Weigh In On Katapult

A number of institutional investors and hedge funds have recently modified their holdings of the business. Iridian Asset Management LLC CT grew its holdings in shares of Katapult by 198.1% during the fourth quarter. Iridian Asset Management LLC CT now owns 920,000 shares of the company’s stock valued at $5,943,000 after buying an additional 611,384 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Katapult by 7.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock valued at $699,000 after purchasing an additional 4,249 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Katapult during the 3rd quarter worth approximately $699,000. Virtu Financial LLC purchased a new stake in shares of Katapult in the third quarter worth approximately $121,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Katapult in the third quarter worth approximately $273,000. 26.81% of the stock is currently owned by institutional investors.

About Katapult

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.