Investors Buy Large Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLTGet Rating) was the target of unusually large options trading on Wednesday. Traders acquired 21,767 put options on the company. This is an increase of 1,055% compared to the typical daily volume of 1,884 put options.

Hedge Funds Weigh In On Katapult

Several institutional investors have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Katapult by 5.5% in the first quarter. State Street Corp now owns 186,975 shares of the company’s stock valued at $445,000 after acquiring an additional 9,775 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Katapult by 1.0% in the first quarter. BlackRock Inc. now owns 961,874 shares of the company’s stock valued at $2,289,000 after acquiring an additional 9,971 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Katapult in the first quarter valued at approximately $27,000. Cresset Asset Management LLC bought a new position in shares of Katapult in the first quarter valued at approximately $30,000. Finally, ExodusPoint Capital Management LP bought a new position in Katapult during the second quarter valued at $25,000. 27.20% of the stock is owned by institutional investors.

Katapult Stock Performance

Shares of Katapult stock opened at $0.89 on Thursday. The company has a market cap of $87.31 million, a PE ratio of 22.25 and a beta of 0.91. Katapult has a 52 week low of $0.77 and a 52 week high of $5.50. The business has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.23. The company has a quick ratio of 9.36, a current ratio of 9.36 and a debt-to-equity ratio of 3.71.

Katapult (NASDAQ:KPLTGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $53.04 million during the quarter. Katapult had a net margin of 2.30% and a negative return on equity of 88.28%. Equities analysts anticipate that Katapult will post -0.39 earnings per share for the current fiscal year.

Katapult Company Profile

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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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