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

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

Institutional Inflows and Outflows

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

Katapult Stock Down 1.1%

Shares of NASDAQ KPLT opened at $6.40 on Friday. Katapult has a fifty-two week low of $5.50 and a fifty-two week high of $24.34. The business has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $10.35. The firm has a market cap of $29.70 million, a PE ratio of -1.08 and a beta of 1.75.

Wall Street Analyst Weigh In

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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.00.

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.