Sezzle (NASDAQ:SEZL) Trading Up 5.7% - Should You Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s stock price shot up 5.7% during trading on Tuesday . The stock traded as high as $41.60 and last traded at $41.69. 58,240 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 728,258 shares. The stock had previously closed at $39.43.

Analysts Set New Price Targets

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

Sezzle Trading Up 4.8 %

The firm has a fifty day moving average of $41.71 and a two-hundred day moving average of $44.27. The company has a market cap of $1.52 billion, a PE ratio of 4.77 and a beta of 8.73. 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 analysts' consensus estimates of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The business had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. As a group, sell-side analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

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

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of SEZL. Prosperity Wealth Management Inc. lifted its position in Sezzle by 555.5% during the first quarter. Prosperity Wealth Management Inc. now owns 7,440 shares of the company's stock valued at $260,000 after purchasing an additional 6,305 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sezzle in the first quarter worth $747,000. Rhumbline Advisers raised its holdings in Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after buying an additional 16,590 shares during the last quarter. GAMMA Investing LLC grew its holdings in Sezzle by 96,725.0% in the 1st quarter. GAMMA Investing LLC now owns 7,746 shares of the company's stock worth $270,000 after acquiring an additional 7,738 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Sezzle by 1,406.4% during the fourth quarter. California State Teachers Retirement System now owns 2,576 shares of the company's stock valued at $659,000 after acquiring an additional 2,405 shares during the last quarter. 2.02% of the stock is currently 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.