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

Katapult Holdings, Inc. (NASDAQ:KPLT) saw some unusual options trading on Wednesday. Stock investors bought 21,767 put options on the stock. This represents an increase of 1,055% compared to the typical volume of 1,884 put options.

Wall Street Analyst Weigh In

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

Katapult Trading Up 1.1%

NASDAQ KPLT opened at $7.20 on Thursday. The company has a market cap of $34.34 million, a P/E ratio of -48.00 and a beta of 1.76. The company has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $9.15. Katapult has a 12-month low of $5.50 and a 12-month high of $24.34.

Institutional Investors Weigh In On Katapult

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

Katapult Company Profile

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.