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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of unusually large options trading activity on Wednesday. Traders 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.

Institutional Investors Weigh In On Katapult

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Iridian Asset Management LLC CT boosted its position in shares of Katapult by 198.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 920,000 shares of the company’s stock worth $5,943,000 after acquiring an additional 611,384 shares in the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of Katapult during the 4th quarter worth $1,055,000. CIBC Private Wealth Group LLC increased its position in Katapult by 131.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 135,513 shares of the company’s stock worth $875,000 after purchasing an additional 77,042 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Katapult in the third quarter valued at $699,000. Finally, OCO Capital Partners L.P. bought a new stake in shares of Katapult during the 4th quarter valued at about $323,000. Institutional investors own 26.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Katapult in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $10.00.

Katapult Trading Down 0.5%

Shares of KPLT stock opened at $6.41 on Thursday. The firm has a market capitalization of $29.74 million, a price-to-earnings ratio of -1.09 and a beta of 1.75. The firm’s 50 day moving average is $6.61 and its 200-day moving average is $10.37. Katapult has a 1 year low of $5.50 and a 1 year high of $24.34.

About Katapult

Katapult Holdings Inc is a New York–based fintech company that provides point-of-sale financing solutions designed to expand access to affordable consumer credit. The company’s platform enables retailers to offer lease-to-own and installment payment options to customers who may not qualify for traditional financing, using a data-driven credit decision engine and proprietary underwriting algorithms. Katapult’s digital approach streamlines the application process and automates account management, helping merchants boost conversion rates and average order values.

The company partners with a broad range of online and omnichannel retailers across categories such as furniture, electronics, outdoor equipment and consumer goods, integrating its financing options via APIs and plug-and-play modules.