Katapult Target of Unusually High Options Trading (NASDAQ:KPLT)

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

Katapult Stock Up 0.1 %

Shares of NASDAQ KPLT opened at $11.66 on Friday. The stock has a market capitalization of $47.40 million, a price-to-earnings ratio of -1.30 and a beta of 1.82. Katapult has a 52 week low of $8.26 and a 52 week high of $24.76. The firm has a 50-day moving average price of $13.04 and a 200 day moving average price of $11.39.

Katapult (NASDAQ:KPLT) last released its earnings results on Thursday, March 14th. The company reported ($4.46) earnings per share (EPS) for the quarter. Katapult had a negative net margin of 16.66% and a negative return on equity of 6,063.05%. The company had revenue of $56.71 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP acquired a new position in Katapult during the second quarter valued at approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in Katapult during the first quarter valued at approximately $27,000. Cresset Asset Management LLC acquired a new position in Katapult during the first quarter valued at approximately $30,000. Charles Schwab Investment Management Inc. acquired a new position in Katapult during the second quarter valued at approximately $56,000. Finally, Millennium Management LLC acquired a new position in Katapult during the second quarter valued at approximately $59,000. 26.81% of the stock is owned by institutional investors and hedge funds.

Katapult Company Profile

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.