Investors Buy Large Volume of Katapult Put Options (NASDAQ:KPLT)

Katapult Holdings, Inc. (NASDAQ:KPLT) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 21,767 put options on the stock. This is an increase of approximately 1,055% compared to the typical daily volume of 1,884 put options.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KPLT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Katapult in a research note on Wednesday, October 8th. Stephens boosted their price objective on shares of Katapult from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

Hedge Funds Weigh In On Katapult

A hedge fund recently raised its stake in Katapult stock. Iridian Asset Management LLC CT raised its stake in Katapult Holdings, Inc. (NASDAQ:KPLT) by 31.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 576,648 shares of the company’s stock after purchasing an additional 138,648 shares during the period. Katapult accounts for approximately 1.9% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 18th biggest position. Iridian Asset Management LLC CT owned approximately 12.93% of Katapult worth $5,899,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.81% of the company’s stock.

Katapult Trading Up 4.9%

Shares of KPLT opened at $12.31 on Friday. The company has a market cap of $56.26 million, a price-to-earnings ratio of -1.75 and a beta of 1.73. Katapult has a 1-year low of $5.08 and a 1-year high of $24.34. The company’s fifty day simple moving average is $15.98 and its 200 day simple moving average is $11.44.

Katapult (NASDAQ:KPLT) last issued its earnings results on Wednesday, August 13th. The company reported ($1.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.50). The company had revenue of $71.89 million for the quarter, compared to analyst estimates of $70.45 million. Katapult has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Katapult will post -3.09 earnings per share for the current year.

About Katapult

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.