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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Stock 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Katapult in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Katapult has a consensus rating of “Reduce” and a consensus price target of $10.00.

Katapult Trading Up 0.6%

Shares of Katapult stock opened at $7.24 on Friday. The stock has a market capitalization of $34.53 million, a price-to-earnings ratio of -48.27 and a beta of 1.76. Katapult has a twelve month low of $5.50 and a twelve month high of $24.34. The business’s 50 day simple moving average is $6.57 and its 200-day simple moving average is $9.14.

Institutional Investors Weigh In On Katapult

A number of hedge funds have recently added to or reduced their stakes in KPLT. Aptus Capital Advisors LLC bought a new position in Katapult in the 4th quarter valued at about $65,000. Virtu Financial LLC bought a new stake in shares of Katapult during the 3rd quarter worth about $121,000. Jump Financial LLC acquired a new stake in shares of Katapult in the 4th quarter worth approximately $70,000. Bridgeway Capital Management LLC bought a new position in shares of Katapult in the fourth quarter valued at approximately $81,000. Finally, State Street Corp boosted its holdings in shares of Katapult by 17.3% in the fourth quarter. State Street Corp now owns 20,979 shares of the company’s stock valued at $136,000 after acquiring an additional 3,100 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

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.