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

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Katapult Holdings, Inc. (NASDAQ:KPLTGet Rating) was the target of some unusual options trading activity on Wednesday. Traders acquired 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average volume of 1,884 put options.

NASDAQ KPLT opened at $1.30 on Thursday. The company’s 50-day moving average price is $1.52 and its 200-day moving average price is $2.20. The company has a current ratio of 9.23, a quick ratio of 9.23 and a debt-to-equity ratio of 2.62. The stock has a market cap of $127.56 million, a PE ratio of -43.32 and a beta of 0.20. Katapult has a 12 month low of $1.10 and a 12 month high of $11.89.

Katapult (NASDAQ:KPLTGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter. Katapult had a negative return on equity of 91.89% and a net margin of 2.68%. The company had revenue of $59.88 million during the quarter. As a group, sell-side analysts forecast that Katapult will post -0.35 earnings per share for the current year.

Separately, Loop Capital cut shares of Katapult from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.00 to $1.00 in a report on Wednesday, May 11th.

In other news, Director Brian Hirsch acquired 144,189 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were acquired at an average price of $1.51 per share, for a total transaction of $217,725.39. Following the completion of the transaction, the director now directly owns 229,189 shares of the company’s stock, valued at approximately $346,075.39. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Karissa Cupito acquired 25,000 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were purchased at an average price of $1.49 per share, for a total transaction of $37,250.00. Following the transaction, the chief financial officer now directly owns 917,802 shares of the company’s stock, valued at $1,367,524.98. The disclosure for this purchase can be found here. Insiders have acquired 303,472 shares of company stock worth $463,590 in the last quarter.

Institutional investors have recently modified their holdings of the business. Bluefin Capital Management LLC bought a new position in Katapult during the 4th quarter worth about $37,000. Brown Brothers Harriman & Co. bought a new position in Katapult during the 1st quarter worth about $27,000. Cresset Asset Management LLC bought a new position in Katapult during the 1st quarter worth about $30,000. Two Sigma Securities LLC bought a new position in Katapult during the 3rd quarter worth about $92,000. Finally, Asset Management One Co. Ltd. bought a new position in Katapult during the 4th quarter worth about $64,000. Institutional investors own 47.80% of the company’s stock.

About Katapult (Get Rating)

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 merchants.

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