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

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

Katapult Stock Up 3.2%

KPLT stock opened at $6.11 on Thursday. Katapult has a 52-week low of $5.50 and a 52-week high of $24.34. The firm has a market cap of $28.35 million, a P/E ratio of -1.03 and a beta of 1.76. The company’s 50-day simple moving average is $6.50 and its 200-day simple moving average is $9.82.

Institutional Trading of Katapult

Institutional investors have recently made changes to their positions in the company. Cobalt Capital Management Inc. acquired a new position in Katapult during the 4th quarter worth about $154,000. Bridgeway Capital Management LLC acquired a new position in Katapult during the 4th quarter worth approximately $81,000. Cantor Fitzgerald L. P. purchased a new position in Katapult in the fourth quarter valued at $1,055,000. Jump Financial LLC purchased a new position in shares of Katapult in the 4th quarter valued at about $70,000. Finally, OCO Capital Partners L.P. acquired a new stake in Katapult during the fourth quarter worth approximately $323,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Katapult Company Profile

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.