Sezzle (NASDAQ:SEZL) Stock Price Up 4.9% - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price traded up 4.9% during trading on Monday . The stock traded as high as $32.18 and last traded at $30.12. 410,630 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 926,099 shares. The stock had previously closed at $28.70.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. B. Riley reissued a "buy" rating and set a $62.83 target price (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities boosted their price objective on shares of Sezzle from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th.

Sezzle Trading Up 6.0 %

The firm has a market capitalization of $1.31 billion, a P/E ratio of 4.11 and a beta of 8.73. The stock has a 50-day simple moving average of $41.71 and a two-hundred day simple moving average of $43.88. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

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

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

Insider Activity at Sezzle

In other Sezzle news, CFO Karen Hartje sold 20,742 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $52.72, for a total value of $1,093,518.24. Following the completion of the transaction, the chief financial officer now directly owns 210,726 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 57.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SEZL. Plato Investment Management Ltd acquired a new stake in Sezzle in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle in the 4th quarter worth $31,000. Federated Hermes Inc. grew its stake in Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after buying an additional 143 shares during the last quarter. Modus Advisors LLC acquired a new position in Sezzle during the 4th quarter valued at about $80,000. Finally, Principal Securities Inc. purchased a new stake in Sezzle in the fourth quarter valued at about $84,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Sezzle Company Profile

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.