Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock 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 Analysts Forecast Growth
KPLT has been the topic of several recent analyst reports. Loop Capital cut their price target on shares of Katapult from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, August 15th. Cantor Fitzgerald upgraded shares of Katapult to a “hold” rating in a report on Thursday, October 3rd.
Check Out Our Latest Stock Analysis on Katapult
Katapult Price Performance
Katapult (NASDAQ:KPLT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.30). The company had revenue of $58.86 million for the quarter.
Hedge Funds Weigh In On Katapult
An institutional investor recently raised its position in Katapult stock. Renaissance Technologies LLC boosted its holdings in Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,000 shares of the company’s stock after buying an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned 0.51% of Katapult worth $353,000 at the end of the most recent quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.
Katapult Company Profile
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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