Katapult Holdings, Inc. (NASDAQ:KPLT – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors bought 21,767 put options on the company. This represents an increase of approximately 1,055% compared to the average daily volume of 1,884 put options.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Katapult stock. Renaissance Technologies LLC increased its position in shares of Katapult Holdings, Inc. (NASDAQ:KPLT – Free Report) by 18.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,000 shares of the company’s stock after buying an additional 3,300 shares during the period. Renaissance Technologies LLC owned 0.51% of Katapult worth $353,000 at the end of the most recent reporting period. Institutional investors own 26.81% of the company’s stock.
Katapult Price Performance
NASDAQ KPLT opened at $9.91 on Thursday. The business has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $14.56. The stock has a market capitalization of $40.69 million, a PE ratio of -1.44 and a beta of 1.72. Katapult has a fifty-two week low of $8.26 and a fifty-two week high of $23.54.
Wall Street Analysts Forecast Growth
Separately, Loop Capital dropped their price target on Katapult from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 15th.
View Our Latest Report on Katapult
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.
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