Katapult Sees Unusually High Options Volume (NASDAQ:KPLT)

Key Points

• Katapult Holdings, Inc. experienced a significant increase in options trading, with a 1,055% rise in put options to 21,767 on Wednesday.
• Hedge fund Northern Trust Corp boosted its stake in Katapult by 52.5%, now holding 20,201 shares valued at approximately $137,000.
• Despite posting a loss of ($1.23) earnings per share, Katapult's quarterly revenue reached $71.95 million, slightly above expectations.

Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) saw unusually large options trading on Wednesday. Investors acquired 21,767 put options on the company. Thisrepresentsanincreaseofapproximately1,055% compared to the typical daily volume of 1,884 put options.

Hedge Funds Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Northern Trust Corp lifted its position 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 Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 26.81% of the stock is currently owned by institutional investors.

Katapult Trading Up 1.4%

Shares of NASDAQ KPLT opened at $12.79 on Thursday. The firm has a market cap of $58.07 million, a P/E ratio of -1.82 and a beta of 1.75. Katapult has a 1-year low of $5.08 and a 1-year high of $15.47. The business's 50 day moving average is $9.98 and its 200-day moving average is $9.56.

Katapult (NASDAQ:KPLT - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.51). The firm had revenue of $71.95 million during the quarter, compared to the consensus estimate of $71.80 million. Analysts forecast that Katapult will post -3.09 EPS for the current year.

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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