Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Key Points

• Katapult Holdings, Inc. (NASDAQ:KPLT) experienced a significant surge in options trading, with 21,767 put options traded, marking a 1,055% increase over the average daily volume.
• The company's stock opened at $13.81 and has a market capitalization of $63.11 million, with a P/E ratio of -1.96.
• Northern Trust Corp recently raised its stake in Katapult by 52.5% during the fourth quarter, exemplifying increasing institutional interest in the stock.

Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 21,767 put options on the stock. Thisrepresentsanincreaseof1,055% compared to the average daily volume of 1,884 put options.

Katapult Trading Up 25.9%

Shares of KPLT stock traded up $3.88 during trading hours on Tuesday, reaching $18.88. 365,306 shares of the company's stock were exchanged, compared to its average volume of 32,569. Katapult has a 1 year low of $5.08 and a 1 year high of $19.90. The stock has a market cap of $86.28 million, a PE ratio of -2.69 and a beta of 1.77. The stock's fifty day moving average price is $11.69 and its two-hundred day moving average price is $10.10.

Katapult (NASDAQ:KPLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($1.63) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.50). The firm had revenue of $71.89 million during the quarter, compared to analyst estimates of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Katapult will post -3.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens lifted their price objective on Katapult from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.00.

Institutional Investors Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Northern Trust Corp increased its position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 52.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,201 shares of the company's stock after purchasing an additional 6,956 shares during the quarter. Northern Trust Corp owned 0.46% of Katapult worth $137,000 as of its most recent SEC filing. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.