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

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

Shares of KPLT opened at $1.26 on Friday. Katapult has a 12-month low of $1.10 and a 12-month high of $11.89. The company has a quick ratio of 9.23, a current ratio of 9.23 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $123.64 million, a price-to-earnings ratio of -41.99 and a beta of 0.20. The stock’s 50-day moving average price is $1.51 and its 200 day moving average price is $2.19.

Katapult (NASDAQ:KPLTGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. Katapult had a net margin of 2.68% and a negative return on equity of 91.89%. The firm had revenue of $59.88 million for the quarter. Equities research analysts expect that Katapult will post -0.35 EPS for the current year.

In other Katapult news, CFO Karissa Cupito acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average cost of $1.49 per share, for a total transaction of $37,250.00. Following the completion of the purchase, the chief financial officer now owns 917,802 shares of the company’s stock, valued at approximately $1,367,524.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Orlando Zayas acquired 80,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was acquired at an average price of $1.57 per share, for a total transaction of $125,600.00. Following the completion of the purchase, the chief executive officer now directly owns 2,913,376 shares of the company’s stock, valued at approximately $4,574,000.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 303,472 shares of company stock worth $463,590.

A number of institutional investors and hedge funds have recently modified their holdings of KPLT. Brown Brothers Harriman & Co. acquired a new stake in Katapult during the first quarter valued at approximately $27,000. Cresset Asset Management LLC acquired a new stake in Katapult during the first quarter valued at approximately $30,000. Bluefin Capital Management LLC acquired a new stake in Katapult during the fourth quarter valued at approximately $37,000. Asset Management One Co. Ltd. acquired a new stake in Katapult during the fourth quarter valued at approximately $64,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Katapult by 136.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 26,795 shares of the company’s stock valued at $90,000 after purchasing an additional 15,480 shares in the last quarter. Hedge funds and other institutional investors own 47.80% of the company’s stock.

Separately, Loop Capital lowered Katapult from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $1.00 in a research note on Wednesday, May 11th.

About Katapult (Get Rating)

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce merchants.

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