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

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC acquired a new position in Katapult during the 4th quarter worth $65,000. Jump Financial LLC bought a new position in shares of Katapult in the fourth quarter worth about $70,000. Bridgeway Capital Management LLC acquired a new position in shares of Katapult during the 4th quarter worth about $81,000. Virtu Financial LLC acquired a new position in shares of Katapult during the 3rd quarter worth about $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 purchasing an additional 3,100 shares during the period. Institutional investors own 26.81% of the company’s stock.

Katapult Stock Up 0.5%

Shares of KPLT stock opened at $6.47 on Thursday. Katapult has a 12 month low of $5.50 and a 12 month high of $24.34. The company has a market cap of $30.02 million, a PE ratio of -1.09 and a beta of 1.75. The business’s 50 day moving average is $6.61 and its two-hundred day moving average is $10.37.

Analyst Ratings Changes

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