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

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

Analyst Upgrades and Downgrades

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

Katapult Trading Down 3.9%

Shares of KPLT stock opened at $6.97 on Thursday. The company has a market capitalization of $33.25 million, a PE ratio of -46.47 and a beta of 1.63. The firm has a fifty day simple moving average of $6.64 and a 200-day simple moving average of $8.18. Katapult has a twelve month low of $5.50 and a twelve month high of $24.34.

Institutional Inflows and Outflows

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

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.