Traders Purchase Large Volume of Put Options on Katapult (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 21,767 put options on the stock. This represents an increase of approximately 1,055% compared to the average volume of 1,884 put options.

Katapult Stock Performance

Shares of Katapult stock opened at $8.81 on Thursday. Katapult has a 52-week low of $5.08 and a 52-week high of $21.88. The stock has a market capitalization of $39.30 million, a price-to-earnings ratio of -1.07 and a beta of 1.64. The company’s 50 day moving average price is $8.86 and its 200-day moving average price is $8.39.

Katapult (NASDAQ:KPLT) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.51). The business had revenue of $71.95 million for the quarter, compared to analyst estimates of $71.80 million. As a group, equities research analysts forecast that Katapult will post -3.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KPLT. Iridian Asset Management LLC CT increased its position in Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock valued at $2,963,000 after purchasing an additional 38,000 shares during the period. CIBC Private Wealth Group LLC increased its position in Katapult by 61.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock valued at $182,000 after purchasing an additional 10,234 shares during the period. Finally, Northern Trust Corp increased its position in Katapult by 52.5% during the 4th quarter. Northern Trust Corp now owns 20,201 shares of the company’s stock valued at $137,000 after purchasing an additional 6,956 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

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.