Traders Purchase High Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of unusually large options trading activity on Wednesday. Investors purchased 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.

Katapult Price Performance

Shares of Katapult stock opened at $5.75 on Friday. The firm has a 50 day simple moving average of $12.79 and a 200 day simple moving average of $11.69. Katapult has a fifty-two week low of $5.08 and a fifty-two week high of $24.34. The firm has a market cap of $26.28 million, a P/E ratio of -0.97 and a beta of 1.72.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates 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. Katapult has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts expect that Katapult will post -3.09 EPS for the current year.

Analyst Ratings Changes

KPLT has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a research note on Wednesday, October 8th. Stephens increased their price target on Katapult from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Institutional Trading of Katapult

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Katapult in the 3rd quarter valued at about $121,000. Two Sigma Investments LP acquired a new position in Katapult in the third quarter valued at approximately $273,000. Finally, Vanguard Group Inc. boosted its stake in Katapult by 6.1% in the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock valued at $1,567,000 after acquiring an additional 7,586 shares during the last quarter. 26.81% of the stock is owned by institutional investors.

About Katapult

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.