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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading on Wednesday. Traders bought 21,767 put options on the company. This is an increase of 1,055% compared to the typical volume of 1,884 put options.

Katapult Price Performance

KPLT opened at $8.77 on Thursday. The firm has a market capitalization of $36.01 million, a P/E ratio of -1.31 and a beta of 1.70. Katapult has a one year low of $8.26 and a one year high of $23.54. The company has a fifty day moving average price of $10.83 and a 200-day moving average price of $14.21.

Katapult (NASDAQ:KPLT) last posted its earnings results on Wednesday, August 14th. The company reported ($1.61) EPS for the quarter, missing the consensus estimate of ($1.31) by ($0.30). The company had revenue of $58.86 million during the quarter.

Wall Street Analysts Forecast Growth

KPLT has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised Katapult to a “hold” rating in a report on Thursday, October 3rd. Loop Capital cut their price objective on shares of Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 15th.

Institutional Investors Weigh In On Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT raised its position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 22.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,000 shares of the company’s stock after purchasing an additional 60,800 shares during the period. Iridian Asset Management LLC CT owned approximately 8.07% of Katapult worth $3,824,000 at the end of the most recent reporting period. 26.81% of the stock is owned by institutional investors.

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.