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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of some unusual options trading on Wednesday. Investors purchased 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $10.00.

Institutional Inflows and Outflows

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

Katapult Price Performance

Katapult stock opened at $6.24 on Friday. Katapult has a 1-year low of $5.50 and a 1-year high of $24.34. The business has a fifty day moving average price of $6.60 and a 200-day moving average price of $10.78. The stock has a market capitalization of $28.95 million, a price-to-earnings ratio of -1.05 and a beta of 1.75.

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

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.