Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Katapult currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Hedge Funds Weigh In On Katapult

Several institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its stake in shares of Katapult by 131.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock worth $875,000 after purchasing an additional 77,042 shares during the period. Iridian Asset Management LLC CT boosted its holdings 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 worth $5,943,000 after purchasing an additional 611,384 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Katapult during the third quarter worth $699,000. Virtu Financial LLC purchased a new position in Katapult during the third quarter worth about $121,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Katapult during the 3rd quarter worth approximately $273,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Katapult Stock Down 2.5%

NASDAQ:KPLT traded down $0.17 during mid-day trading on Thursday, hitting $6.57. 7,430 shares of the stock traded hands, compared to its average volume of 32,739. The business’s 50-day moving average price is $6.61 and its 200 day moving average price is $10.81. The company has a market cap of $30.46 million, a PE ratio of -1.11 and a beta of 1.75. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings data 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 firm had revenue of $74.04 million during the quarter, compared to analysts’ expectations of $74.55 million. Analysts anticipate that Katapult will post -3.09 earnings per share for the current fiscal year.

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.