Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading on Wednesday. Investors bought 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Katapult Price Performance

NASDAQ KPLT opened at $6.49 on Friday. The company has a market cap of $30.11 million, a P/E ratio of -1.10 and a beta of 1.75. Katapult has a 12 month low of $5.50 and a 12 month high of $24.34. The company has a 50-day moving average of $6.57 and a 200-day moving average of $11.06.

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

Analysts Set New Price Targets

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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $10.00.

Institutional Investors Weigh In On Katapult

A number of large investors have recently added to or reduced their stakes in KPLT. Iridian Asset Management LLC CT raised its position in shares of Katapult by 198.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 920,000 shares of the company’s stock valued at $5,943,000 after acquiring an additional 611,384 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Katapult by 7.8% in the third quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock valued at $699,000 after acquiring an additional 4,249 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Katapult in the third quarter valued at $699,000. Virtu Financial LLC bought a new stake in Katapult in the third quarter worth about $121,000. Finally, Two Sigma Investments LP bought a new stake in shares of Katapult during the 3rd quarter worth $273,000. 26.81% of the stock is owned by institutional investors and hedge funds.

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.