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

Katapult Holdings, Inc. (NASDAQ:KPLT) saw unusually large options trading on Wednesday. Stock investors acquired 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cantor Fitzgerald raised Katapult to a “hold” rating in a research report on Thursday, October 3rd. Stephens assumed coverage on Katapult in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $9.00 price objective for the company.

Institutional Investors Weigh In On Katapult

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in Katapult by 18.6% in the second quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock valued at $353,000 after purchasing an additional 3,300 shares during the period. Geode Capital Management LLC grew its holdings in Katapult by 7.8% in the third quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock valued at $408,000 after purchasing an additional 2,825 shares during the period. Finally, Iridian Asset Management LLC CT grew its holdings in Katapult by 9.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after purchasing an additional 38,000 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Katapult Trading Down 0.9 %

Shares of KPLT opened at $9.24 on Thursday. The stock has a market cap of $40.56 million, a P/E ratio of -1.12 and a beta of 1.66. The company has a 50-day moving average of $7.10 and a two-hundred day moving average of $10.28. Katapult has a 12-month low of $5.08 and a 12-month high of $23.54.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.05) EPS for the quarter. The firm had revenue of $60.31 million for the quarter. During the same quarter in the prior year, the firm earned ($0.71) earnings per share. As a group, analysts forecast that Katapult will post -3.12 EPS for the current fiscal year.

Katapult Company Profile

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 retailers.