Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading on Wednesday. Investors bought 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.

Hedge Funds Weigh In On Katapult

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

Katapult Stock Performance

Shares of Katapult stock opened at $6.56 on Thursday. Katapult has a 52 week low of $5.50 and a 52 week high of $24.34. The firm has a fifty day moving average of $6.55 and a two-hundred day moving average of $11.10. The stock has a market capitalization of $30.44 million, a price-to-earnings ratio of -1.11 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.72). The firm had revenue of $74.04 million for the quarter, compared to the consensus estimate of $74.55 million. As a group, research analysts forecast that Katapult will post -3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.