Stock Traders Purchase High Volume of Put Options on Katapult (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw some unusual options trading activity on Wednesday. Traders acquired 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Katapult Price Performance

NASDAQ:KPLT traded down $0.17 during midday trading on Thursday, reaching $6.56. The stock had a trading volume of 7,624 shares, compared to its average volume of 32,777. The firm’s fifty day simple moving average is $6.61 and its 200-day simple moving average is $10.81. Katapult has a 1-year low of $5.50 and a 1-year high of $24.34. The stock has a market capitalization of $30.44 million, a P/E ratio of -1.11 and a beta of 1.75.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Katapult in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Katapult presently has an average rating of “Reduce” and a consensus price target of $10.00.

Hedge Funds Weigh In On Katapult

Several institutional investors and hedge funds have recently made changes to their positions in KPLT. Virtu Financial LLC acquired a new position in shares of Katapult during the 3rd quarter worth about $121,000. Two Sigma Investments LP bought a new stake in Katapult in the third quarter valued at approximately $273,000. CIBC Private Wealth Group LLC increased its holdings in shares of 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 last quarter. CIBC Bancorp USA Inc. bought a new stake in Katapult in the 3rd quarter valued at $699,000. Finally, Vanguard Group Inc. lifted its holdings in Katapult by 6.1% during the 3rd 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 last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.