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

Katapult Holdings, Inc. (NASDAQ:KPLT) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 21,767 put options on the company. This is an increase of 1,055% compared to the average daily volume of 1,884 put options.

Katapult Stock Performance

Katapult stock opened at $9.24 on Friday. The company has a market capitalization of $40.56 million, a PE ratio of -1.12 and a beta of 1.72. The company has a 50 day moving average price of $7.59 and a 200-day moving average price of $9.59. Katapult has a fifty-two week low of $5.08 and a fifty-two week high of $23.54.

Institutional Investors Weigh In On Katapult

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Katapult by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 39,233 shares of the company’s stock worth $408,000 after buying an additional 2,825 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Katapult by 61.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 26,835 shares of the company’s stock worth $182,000 after acquiring an additional 10,234 shares during the period. Finally, Iridian Asset Management LLC CT grew its holdings in Katapult by 9.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 438,000 shares of the company’s stock worth $2,963,000 after acquiring an additional 38,000 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on shares of Katapult in a report on Wednesday, November 13th. They issued an “equal weight” rating and a $9.00 price target on the stock.

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.