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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Hedge Funds Weigh In On Katapult

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC acquired a new position in Katapult in the fourth quarter valued at about $65,000. Jump Financial LLC acquired a new stake in shares of Katapult during the fourth quarter worth approximately $70,000. Bridgeway Capital Management LLC bought a new position in shares of Katapult in the fourth quarter valued at approximately $81,000. Virtu Financial LLC bought a new position in shares of Katapult in the third quarter valued at approximately $121,000. Finally, State Street Corp boosted its holdings in shares of Katapult by 17.3% in the 4th quarter. State Street Corp now owns 20,979 shares of the company’s stock worth $136,000 after acquiring an additional 3,100 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Katapult Stock Performance

NASDAQ:KPLT opened at $7.20 on Thursday. The firm’s 50-day moving average is $6.56 and its 200-day moving average is $9.15. The company has a market cap of $34.34 million, a price-to-earnings ratio of -48.00 and a beta of 1.76. Katapult has a 52-week low of $5.50 and a 52-week high of $24.34.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Katapult in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

About Katapult

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.