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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 21,767 put options on the stock. This is an increase of 1,055% compared to the average daily volume of 1,884 put options.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stephens increased their price target on shares of Katapult from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research note on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $10.00.

Katapult Trading Up 7.3%

KPLT opened at $14.66 on Thursday. Katapult has a 1-year low of $5.08 and a 1-year high of $24.34. The company has a market capitalization of $67.00 million, a PE ratio of -2.09 and a beta of 1.73. The firm’s 50 day simple moving average is $16.00 and its two-hundred day simple moving average is $11.34.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($1.63) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.50). The firm had revenue of $71.89 million for the quarter, compared to analysts’ expectations of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Katapult will post -3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT grew its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,648 shares of the company’s stock after acquiring an additional 138,648 shares during the quarter. Katapult comprises about 1.9% of Iridian Asset Management LLC CT’s holdings, making the stock its 18th largest position. Iridian Asset Management LLC CT owned 12.93% of Katapult worth $5,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.81% of the stock is currently owned by institutional investors.

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.