Sezzle (NASDAQ:SEZL) Shares Down 6.5% - Should You Sell?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares traded down 6.5% on Thursday . The stock traded as low as $230.39 and last traded at $222.01. 3,970 shares were traded during trading, a decline of 98% from the average session volume of 163,300 shares. The stock had previously closed at $237.34.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEZL. Northland Securities boosted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. B. Riley reaffirmed a "buy" rating and set a $377.00 price objective (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle Stock Down 7.4 %

The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $1.24 billion, a PE ratio of 23.34 and a beta of 9.09. The company's fifty day moving average is $261.43 and its 200-day moving average is $251.56.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, beating the consensus estimate of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. On average, analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Remove Ads

Sezzle announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Sezzle

In related news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 57.65% of the company's stock.

Institutional Investors Weigh In On Sezzle

Institutional investors and hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new stake in shares of Sezzle during the fourth quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in Sezzle during the fourth quarter valued at $31,000. Covestor Ltd bought a new stake in Sezzle in the 3rd quarter valued at $38,000. Federated Hermes Inc. increased its holdings in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Sezzle in the 4th quarter worth $80,000. 2.02% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.