Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of some unusual options trading on Wednesday. Stock traders purchased 21,767 put options on the company. Thisrepresentsanincreaseofapproximately1,055% compared to the typical volume of 1,884 put options.

Katapult Trading Down 1.2%

NASDAQ:KPLT opened at $13.64 on Friday. Katapult has a 12 month low of $5.08 and a 12 month high of $16.27. The firm’s 50 day moving average is $11.19 and its 200 day moving average is $9.96. The stock has a market capitalization of $62.33 million, a PE ratio of -1.94 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last issued its earnings results on Wednesday, August 13th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.50). The business had revenue of $71.89 million during the quarter, compared to analysts’ expectations of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Katapult will post -3.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens increased their price objective on shares of Katapult from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT lifted its position in Katapult Holdings, Inc. (NASDAQ:KPLT) by 31.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 576,648 shares of the company’s stock after purchasing an additional 138,648 shares during the quarter. Katapult comprises approximately 1.9% of Iridian Asset Management LLC CT’s portfolio, making the stock its 18th largest holding. Iridian Asset Management LLC CT owned approximately 12.93% of Katapult worth $5,899,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

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.