Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Katapult Price Performance

Shares of Katapult stock traded down $0.14 during trading hours on Friday, hitting $6.78. The company’s stock had a trading volume of 2,303 shares, compared to its average volume of 41,293. The company has a market capitalization of $31.48 million, a PE ratio of -1.15 and a beta of 1.75. The stock has a 50 day moving average of $6.55 and a 200 day moving average of $11.17. Katapult has a 12 month low of $5.50 and a 12 month high of $24.34.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The company had revenue of $74.04 million during the quarter, compared to analyst estimates of $74.55 million. Equities analysts expect that Katapult will post -3.09 EPS for the current year.

Hedge Funds Weigh In On Katapult

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KPLT. CIBC Private Wealth Group LLC raised its stake in shares of Katapult by 7.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock valued at $699,000 after purchasing an additional 4,249 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Katapult during the third quarter worth about $699,000. Virtu Financial LLC acquired a new stake in Katapult in the 3rd quarter valued at approximately $121,000. Two Sigma Investments LP bought a new stake in Katapult in the 3rd quarter valued at approximately $273,000. Finally, Vanguard Group Inc. lifted its stake in Katapult by 6.1% in the 3rd 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 in the last quarter. 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.