Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

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

Katapult Stock Down 5.3%

KPLT stock opened at $6.81 on Thursday. Katapult has a twelve month low of $5.50 and a twelve month high of $24.34. The stock has a market capitalization of $32.48 million, a price-to-earnings ratio of -45.40 and a beta of 1.63. The firm’s fifty day simple moving average is $6.77 and its two-hundred day simple moving average is $7.60.

Institutional Investors Weigh In On Katapult

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position 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 during the last quarter. Two Sigma Investments LP bought a new position in Katapult in the 3rd quarter worth about $273,000. Virtu Financial LLC purchased a new position in shares of Katapult during the third quarter worth approximately $121,000. CIBC Bancorp USA Inc. bought a new stake in shares of Katapult during the third quarter valued at approximately $699,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Katapult by 7.8% during 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. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $10.00.

Katapult Company Profile

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.