Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) was the target of unusually large options trading on Wednesday. Traders bought 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.
Institutional Investors Weigh In On Katapult
A hedge fund recently raised its stake in Katapult stock. Renaissance Technologies LLC grew its position in Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 18.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,000 shares of the company’s stock after buying an additional 3,300 shares during the period. Renaissance Technologies LLC owned 0.51% of Katapult worth $353,000 at the end of the most recent reporting period. 26.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Loop Capital dropped their price target on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 15th.
Katapult Price Performance
KPLT stock opened at $9.82 on Thursday. The business has a fifty day moving average price of $15.54 and a 200 day moving average price of $14.79. Katapult has a fifty-two week low of $8.26 and a fifty-two week high of $23.54. The stock has a market capitalization of $40.32 million, a price-to-earnings ratio of -1.43 and a beta of 1.72.
Katapult (NASDAQ:KPLT – Get Free Report) last released its quarterly earnings results 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 company had revenue of $58.86 million during the quarter.
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.
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