Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading activity on Wednesday. Stock investors acquired 21,767 put options on the stock. This represents an increase of 1,055% compared to the average volume of 1,884 put options.

Katapult Stock Performance

Shares of NASDAQ:KPLT opened at $9.43 on Thursday. The stock has a market capitalization of $42.81 million, a P/E ratio of -1.35 and a beta of 1.71. Katapult has a 1 year low of $5.08 and a 1 year high of $21.88. The stock has a 50-day simple moving average of $8.49 and a 200-day simple moving average of $8.94.

Katapult (NASDAQ:KPLT) last issued its earnings results on Thursday, May 15th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.51). The business had revenue of $71.95 million for the quarter, compared to analysts’ expectations of $71.80 million. Analysts predict that Katapult will post -3.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KPLT. CIBC Private Wealth Group LLC increased its position in Katapult by 61.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after purchasing an additional 10,234 shares during the period. Northern Trust Corp grew its stake in shares of Katapult by 52.5% during the fourth quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock worth $137,000 after purchasing an additional 6,956 shares during the period. Finally, Iridian Asset Management LLC CT lifted its stake in Katapult by 31.7% in the first quarter. Iridian Asset Management LLC CT now owns 576,648 shares of the company’s stock valued at $5,899,000 after buying an additional 138,648 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

About Katapult

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.