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

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Loop Capital lowered their target price on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 15th. Cantor Fitzgerald raised Katapult to a “hold” rating in a research report on Thursday, October 3rd.

Katapult Stock Performance

KPLT opened at $8.77 on Thursday. Katapult has a one year low of $8.26 and a one year high of $23.54. The stock has a market capitalization of $36.01 million, a PE ratio of -1.28 and a beta of 1.70. The business’s 50 day moving average price is $10.83 and its 200 day moving average price is $14.21.

Katapult (NASDAQ:KPLT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($1.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.30). The firm had revenue of $58.86 million during the quarter.

Institutional Investors Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Renaissance Technologies LLC grew its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the company’s stock after acquiring an additional 3,300 shares during the period. Renaissance Technologies LLC owned about 0.51% of Katapult worth $353,000 at the end of the most recent reporting period. 26.81% of the stock is owned by hedge funds and other institutional investors.

About Katapult

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.