Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KPLT. Cantor Fitzgerald raised Katapult to a “hold” rating in a report on Thursday, October 3rd. Loop Capital decreased their target price on shares of Katapult from $20.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, August 15th.

Institutional Trading of Katapult

A hedge fund recently raised its stake in Katapult stock. Renaissance Technologies LLC boosted its stake in shares of Katapult Holdings, Inc. (NASDAQ:KPLT) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the company’s stock after buying an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.51% of Katapult worth $353,000 as of its most recent SEC filing. 26.81% of the stock is owned by hedge funds and other institutional investors.

Katapult Price Performance

NASDAQ KPLT opened at $7.11 on Friday. Katapult has a fifty-two week low of $7.06 and a fifty-two week high of $23.54. The business has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $14.11. The stock has a market capitalization of $29.62 million, a PE ratio of -0.91 and a beta of 1.72.

Katapult (NASDAQ:KPLT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.05) earnings per share for the quarter. The company had revenue of $60.31 million during the quarter. During the same period last year, the firm earned ($0.71) EPS.

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.