Investors Buy Large Volume of Katapult Put Options (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) saw unusually large options trading activity on Wednesday. Traders acquired 21,767 put options on the company. Thisisanincreaseof1,055% compared to the typical daily volume of 1,884 put options.

Katapult Price Performance

Shares of KPLT stock opened at $13.81 on Thursday. The company has a market capitalization of $63.11 million, a P/E ratio of -1.96 and a beta of 1.75. The company's 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $9.93. Katapult has a one year low of $5.08 and a one year high of $16.27.

Katapult (NASDAQ:KPLT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($1.63) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.50). The business had revenue of $71.89 million for 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, research analysts expect that Katapult will post -3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Northern Trust Corp increased its holdings in shares of Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 52.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,201 shares of the company's stock after purchasing an additional 6,956 shares during the period. 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.

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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