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

Katapult Holdings, Inc. (NASDAQ:KPLTGet Rating) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 21,767 put options on the company. This is an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Katapult by 12.4% in the 4th quarter. BlackRock Inc. now owns 951,903 shares of the company’s stock worth $3,208,000 after purchasing an additional 104,765 shares in the last quarter. Formula Growth Ltd. lifted its stake in Katapult by 83.4% during the 3rd quarter. Formula Growth Ltd. now owns 716,167 shares of the company’s stock valued at $3,889,000 after acquiring an additional 325,576 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Katapult during the 4th quarter worth $1,974,000. Geode Capital Management LLC raised its stake in shares of Katapult by 810.8% during the 3rd quarter. Geode Capital Management LLC now owns 559,378 shares of the company’s stock worth $3,037,000 after purchasing an additional 497,963 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Katapult by 2,656.7% during the 3rd quarter. Millennium Management LLC now owns 492,257 shares of the company’s stock worth $2,673,000 after purchasing an additional 474,400 shares during the period. Institutional investors own 52.44% of the company’s stock.

Separately, Zacks Investment Research raised shares of Katapult from a “sell” rating to a “hold” rating in a research report on Wednesday, January 5th.

Shares of KPLT stock opened at $2.04 on Thursday. The company has a market cap of $199.62 million, a price-to-earnings ratio of 40.81 and a beta of -0.46. Katapult has a 52 week low of $1.75 and a 52 week high of $14.98. The company has a quick ratio of 10.20, a current ratio of 10.20 and a debt-to-equity ratio of 2.50. The firm has a 50 day moving average of $2.19 and a 200-day moving average of $3.28.

Katapult (NASDAQ:KPLTGet Rating) last issued its earnings results on Tuesday, March 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Katapult had a negative return on equity of 49.48% and a net margin of 4.56%. Analysts anticipate that Katapult will post -0.34 earnings per share for the current year.

About Katapult (Get Rating)

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 merchants.

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