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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of unusually large options trading activity on Wednesday. Stock traders bought 21,767 put options on the company. This is an increase of 1,055% compared to the typical daily volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

Large investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC acquired a new stake in Katapult during the fourth quarter worth about $65,000. Virtu Financial LLC acquired a new stake in Katapult during the third quarter worth about $121,000. Jump Financial LLC acquired a new stake in Katapult during the fourth quarter worth about $70,000. Bridgeway Capital Management LLC acquired a new stake in Katapult during the fourth quarter worth about $81,000. Finally, State Street Corp grew its stake in Katapult by 17.3% during the fourth quarter. State Street Corp now owns 20,979 shares of the company’s stock worth $136,000 after buying an additional 3,100 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Katapult Stock Up 2.2%

Shares of Katapult stock opened at $6.96 on Friday. The company has a market capitalization of $33.20 million, a price-to-earnings ratio of -46.40 and a beta of 1.63. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34. The firm’s 50-day moving average price is $6.78 and its two-hundred day moving average price is $7.60.

Analyst Ratings Changes

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

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.