Katapult Target of Unusually High Options Trading (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT – Get Rating) was the recipient of some unusual options trading on Wednesday. Investors acquired 21,767 put options on the stock. This represents an increase of 1,055% compared to the average volume of 1,884 put options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. purchased a new stake in Katapult in the first quarter worth approximately $27,000. Cresset Asset Management LLC purchased a new stake in Katapult in the first quarter worth approximately $30,000. ExodusPoint Capital Management LP purchased a new stake in Katapult in the second quarter worth approximately $25,000. Millennium Management LLC purchased a new stake in Katapult in the second quarter worth approximately $59,000. Finally, Renaissance Technologies LLC purchased a new stake in Katapult in the first quarter worth approximately $170,000. Hedge funds and other institutional investors own 20.01% of the company’s stock.

Katapult Price Performance

Shares of NASDAQ KPLT opened at $0.61 on Thursday. Katapult has a 12 month low of $0.40 and a 12 month high of $1.93. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 20.92. The firm has a market capitalization of $60.18 million, a price-to-earnings ratio of -1.45 and a beta of 1.00. The business has a 50-day moving average of $0.52 and a 200-day moving average of $0.82.

Katapult (NASDAQ:KPLT – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The company reported ($0.15) EPS for the quarter. Katapult had a negative return on equity of 288.92% and a negative net margin of 19.93%. The business had revenue of $48.85 million for the quarter.

About Katapult

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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 merchants.