Stock Traders Buy Large Volume of Katapult Put Options (NASDAQ:KPLT)

Key Points

• Katapult Holdings, Inc. (NASDAQ:KPLT) experienced a significant increase in options trading, with over 21,767 put options purchased, marking a 1,055% rise compared to typical volumes.
• Stephens raised its price target on Katapult from $9.00 to $10.00, while the stock currently holds an average rating of "Hold" with the same price target.
• An institutional investor, Iridian Asset Management LLC CT, increased its stake in Katapult by 31.7%, owning 576,648 shares, which constitutes approximately 12.93% of Katapult's total stock value.

Katapult Holdings, Inc. (NASDAQ:KPLT - Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors purchased 21,767 put options on the stock. This is an increase of 1,055% compared to the typical volume of 1,884 put options.

Wall Street Analyst Weigh In

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

Institutional Trading of Katapult

An institutional investor recently raised its position in Katapult stock. Iridian Asset Management LLC CT lifted its position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,648 shares of the company's stock after purchasing an additional 138,648 shares during the quarter. Katapult makes up about 1.9% of Iridian Asset Management LLC CT's investment portfolio, making the stock its 18th largest position. Iridian Asset Management LLC CT owned 12.93% of Katapult worth $5,899,000 at the end of the most recent reporting period. 26.81% of the stock is owned by institutional investors and hedge funds.

Katapult Stock Performance

Shares of NASDAQ KPLT opened at $21.32 on Thursday. The firm has a market cap of $97.43 million, a price-to-earnings ratio of -3.03 and a beta of 1.77. The business's 50-day simple moving average is $13.27 and its 200-day simple moving average is $10.55. Katapult has a 52 week low of $5.08 and a 52 week high of $24.34.

Katapult (NASDAQ:KPLT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($1.63) EPS 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. As a group, equities research analysts forecast that Katapult will post -3.09 earnings per share for the current year.

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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