Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KPLT. Vanguard Group Inc. raised its stake in shares of Katapult by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,586 shares in the last quarter. Two Sigma Investments LP acquired a new position in Katapult during the third quarter worth $273,000. Virtu Financial LLC bought a new stake in Katapult during the third quarter worth $121,000. CIBC Bancorp USA Inc. acquired a new stake in Katapult in the third quarter valued at $699,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Katapult by 7.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 58,471 shares of the company’s stock valued at $699,000 after acquiring an additional 4,249 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $10.00.

Katapult Stock Down 1.6%

Shares of KPLT stock opened at $6.27 on Thursday. Katapult has a 12-month low of $5.08 and a 12-month high of $24.34. The firm has a fifty day moving average of $8.82 and a 200-day moving average of $11.47. The firm has a market capitalization of $29.09 million, a price-to-earnings ratio of -1.06 and a beta of 1.76.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.72). The company had revenue of $74.04 million during the quarter, compared to analyst estimates of $74.55 million. Research analysts expect that Katapult will post -3.09 earnings per share for the current year.

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.