Sezzle (NASDAQ:SEZL) Shares Gap Down - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $44.80, but opened at $42.66. Sezzle shares last traded at $40.25, with a volume of 168,481 shares traded.

Analyst Ratings Changes

Separately, B. Riley reissued a "buy" rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Stock Up 6.7 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The firm's 50-day simple moving average is $40.90 and its 200 day simple moving average is $44.58. The company has a market cap of $1.55 billion, a P/E ratio of 4.80 and a beta of 8.73.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The company had revenue of $271.13 billion during the quarter, compared to analysts' expectations of $73.90 million. On average, research analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its board has initiated a share repurchase plan on Monday, March 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently modified their holdings of the business. G2 Investment Partners Management LLC grew its holdings in shares of Sezzle by 275.9% during the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after buying an additional 75,007 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Sezzle by 792.3% during the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after acquiring an additional 71,019 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sezzle in the first quarter valued at approximately $747,000. D. E. Shaw & Co. Inc. lifted its position in shares of Sezzle by 912.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company's stock worth $5,397,000 after purchasing an additional 19,014 shares in the last quarter. Finally, Millennium Management LLC grew its position in Sezzle by 172.7% in the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company's stock valued at $7,008,000 after purchasing an additional 17,351 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.