Katapult Sees Unusually Large Options Volume (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 activity on Wednesday. Traders acquired 21,767 put options on the company. This is an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Institutional Investors Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Northern Trust Corp boosted 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 filing with the Securities & Exchange Commission. The institutional investor owned 20,201 shares of the company's stock after buying 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 owned by institutional investors and hedge funds.

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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.00.

Katapult Stock Up 18.8%

Katapult stock traded up $3.65 during mid-day trading on Monday, reaching $23.07. 134,315 shares of the company's stock were exchanged, compared to its average volume of 87,232. The company has a market cap of $105.43 million, a P/E ratio of -3.28 and a beta of 1.77. Katapult has a twelve month low of $5.08 and a twelve month high of $24.34. The company has a fifty day moving average of $14.05 and a 200-day moving average of $10.78.

Katapult (NASDAQ:KPLT - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($1.63) earnings per share (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 the consensus estimate of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Katapult will post -3.09 earnings per share for the current fiscal 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.