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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 21,767 put options on the company. 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 number of hedge funds and other institutional investors have recently bought and sold shares of KPLT. Iridian Asset Management LLC CT lifted its stake in shares of Katapult by 9.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after purchasing an additional 38,000 shares during the period. Geode Capital Management LLC increased its holdings in Katapult by 7.8% in the third quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock valued at $408,000 after buying an additional 2,825 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Katapult by 18.6% during the 2nd quarter. Renaissance Technologies LLC now owns 21,000 shares of the company’s stock valued at $353,000 after acquiring an additional 3,300 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Price Performance

Shares of KPLT opened at $9.24 on Thursday. Katapult has a 1 year low of $5.08 and a 1 year high of $23.54. The company’s fifty day moving average is $7.10 and its two-hundred day moving average is $10.28.

Katapult (NASDAQ:KPLT) last released its earnings results on Wednesday, November 6th. The company reported ($2.05) earnings per share (EPS) for the quarter. The business had revenue of $60.31 million during the quarter. During the same quarter in the previous year, the business posted ($0.71) EPS. On average, sell-side analysts predict that Katapult will post -3.12 earnings per share for the current year.

Wall Street Analyst Weigh In

KPLT has been the topic of a number of recent research reports. Cantor Fitzgerald upgraded shares of Katapult to a “hold” rating in a research note on Thursday, October 3rd. Stephens began coverage on Katapult in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $9.00 price target on the stock.

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.