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

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

Katapult Stock Performance

NASDAQ:KPLT opened at $6.81 on Friday. The company has a 50-day moving average of $6.50 and a 200-day moving average of $9.80. Katapult has a 52 week low of $5.50 and a 52 week high of $24.34. The company has a market capitalization of $31.60 million, a price-to-earnings ratio of -45.40 and a beta of 1.76.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Katapult

A number of institutional investors have recently added to or reduced their stakes in KPLT. Aptus Capital Advisors LLC bought a new stake in shares of Katapult in the 4th quarter valued at approximately $65,000. Jump Financial LLC bought a new position in shares of Katapult during the 4th quarter worth approximately $70,000. Bridgeway Capital Management LLC acquired a new stake in Katapult in the 4th quarter valued at $81,000. Virtu Financial LLC bought a new stake in Katapult in the third quarter valued at $121,000. Finally, State Street Corp grew its position in 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 during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

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.