Investors Buy High Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading activity on Wednesday. Investors purchased 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

Several institutional investors and hedge funds have recently made changes to their positions in KPLT. CIBC Private Wealth Group LLC raised its position in 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 purchasing an additional 4,249 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Katapult in the 3rd quarter valued at $699,000. Virtu Financial LLC bought a new stake in shares of Katapult during the third quarter worth $121,000. Two Sigma Investments LP acquired a new position in shares of Katapult during the third quarter valued at $273,000. Finally, Vanguard Group Inc. lifted its stake in shares of Katapult by 6.1% during the third quarter. Vanguard Group Inc. now owns 131,054 shares of the company’s stock valued at $1,567,000 after acquiring an additional 7,586 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Katapult in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.00.

Katapult Price Performance

NASDAQ KPLT opened at $6.94 on Thursday. The stock’s 50-day moving average is $6.62 and its two-hundred day moving average is $11.20. Katapult has a fifty-two week low of $5.50 and a fifty-two week high of $24.34. The firm has a market cap of $32.20 million, a P/E ratio of -1.17 and a beta of 1.75.

Katapult (NASDAQ:KPLT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates 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 analysts expect that Katapult will post -3.09 EPS for the current year.

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.