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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of unusually large options trading activity on Wednesday. Stock investors 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.

Katapult Price Performance

Shares of Katapult stock opened at $8.90 on Thursday. The firm’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $11.20. The stock has a market capitalization of $36.22 million, a price-to-earnings ratio of -0.99 and a beta of 1.79. Katapult has a 12 month low of $8.26 and a 12 month high of $24.76.

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

Hedge Funds Weigh In On Katapult

An institutional investor recently bought a new position in Katapult stock. Boston Partners purchased a new stake in Katapult Holdings, Inc. (NASDAQ:KPLT) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,257 shares of the company’s stock, valued at approximately $207,000. Boston Partners owned approximately 0.50% of Katapult as of its most recent SEC filing. Institutional investors own 26.81% of the company’s stock.

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.