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

Posted by Defense World Staff on Oct 26th, 2023

Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) saw some unusual options trading activity on Wednesday. Traders purchased 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the typical volume of 1,884 put options.

Katapult Stock Performance

KPLT stock opened at $9.49 on Thursday. The company has a 50 day moving average price of $11.92 and a 200 day moving average price of $15.12. The stock has a market capitalization of $38.15 million, a PE ratio of -0.99 and a beta of 1.68. Katapult has a fifty-two week low of $9.13 and a fifty-two week high of $33.75. The company has a debt-to-equity ratio of 20.92, a current ratio of 5.74 and a quick ratio of 5.74.

Katapult (NASDAQ:KPLT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($1.57) earnings per share (EPS) for the quarter. Katapult had a negative net margin of 18.19% and a negative return on equity of 495.39%. The firm had revenue of $54.57 million during the quarter.

Institutional Investors Weigh In On Katapult

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in shares of Katapult in the 1st quarter valued at about $27,000. Cresset Asset Management LLC acquired a new stake in shares of Katapult during the 1st quarter worth approximately $30,000. ExodusPoint Capital Management LP acquired a new stake in shares of Katapult during the 2nd quarter worth approximately $25,000. Millennium Management LLC acquired a new stake in shares of Katapult during the 2nd quarter worth approximately $59,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Katapult during the 2nd quarter worth approximately $56,000.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on shares of Katapult from $25.00 to $20.00 in a research report on Friday, August 11th.

Get Our Latest Stock Report on Katapult

About Katapult

(Get Free Report)

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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