Katapult Sees Unusually Large Options Volume (NASDAQ:KPLT)

Key Points

• Katapult Holdings, Inc. experienced a significant increase in put options trading, with 21,767 options acquired—up 1,055% from its typical volume of 1,884.
• Institutional investor Iridian Asset Management increased its position in Katapult by 31.7%, now holding 576,648 shares valued at about $5.9 million.
• Analysts have set a new average price target of $10.00 for Katapult, upgrading it from a previous target of $9.00 with an "equal weight" rating.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT boosted its holdings in Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 576,648 shares of the company's stock after acquiring an additional 138,648 shares during the quarter. Katapult comprises approximately 1.9% of Iridian Asset Management LLC CT's portfolio, making the stock its 18th biggest holding. Iridian Asset Management LLC CT owned about 12.93% of Katapult worth $5,899,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.81% of the company's stock.

Katapult Price Performance

Katapult stock opened at $18.20 on Thursday. The business has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $11.20. The stock has a market capitalization of $83.17 million, a PE ratio of -2.59 and a beta of 1.77. Katapult has a 12 month low of $5.08 and a 12 month high of $24.34.

Katapult (NASDAQ:KPLT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.50). The business had revenue of $71.89 million during the quarter, compared to analysts' expectations of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Katapult will post -3.09 EPS for the current year.

Analysts Set New Price Targets

Separately, Stephens upped their price target on Katapult from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.00.

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.

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