Sezzle (NASDAQ:SEZL) Board Initiates Stock Repurchase Plan

Sezzle (NASDAQ:SEZL - Get Free Report) declared that its Board of Directors has initiated a share repurchase plan on Monday, March 10th, RTT News reports. The company plans to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Sezzle Price Performance

Shares of NASDAQ:SEZL traded up $13.34 during trading on Wednesday, hitting $233.84. 161,199 shares of the company were exchanged, compared to its average volume of 163,710. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle has a 1-year low of $40.39 and a 1-year high of $477.52. The company has a market capitalization of $1.32 billion, a P/E ratio of 24.89 and a beta of 9.09. The business's 50 day moving average is $261.80 and its 200-day moving average is $251.66.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $3.08 by $1.31. The company had revenue of $271.13 billion for the quarter, compared to analysts' expectations of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. Equities analysts forecast that Sezzle will post 9.77 earnings per share for the current year.

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Analyst Ratings Changes

SEZL has been the topic of a number of research analyst reports. B. Riley reaffirmed a "buy" rating and issued a $377.00 target price (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th. Northland Securities raised their price objective on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th.

Insider Activity

In related news, CFO Karen Hartje sold 3,457 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares of the company's stock, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 57.65% of the stock is owned by company insiders.

About Sezzle

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.