Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares traded up 6.8% during trading on Wednesday . The stock traded as high as $231.99 and last traded at $232.38. 32,418 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 114,687 shares. The stock had previously closed at $217.65.
Analyst Ratings Changes
A number of brokerages recently commented on SEZL. Northland Securities boosted their target price on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. B. Riley restated a "buy" rating and set a $377.00 price objective (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.
Get Our Latest Analysis on SEZL
Sezzle Price Performance
The stock has a market capitalization of $1.33 billion, a P/E ratio of 25.10 and a beta of 9.05. The business's 50 day simple moving average is $257.31 and its two-hundred day simple moving average is $256.32. 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 (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $1.31. The business had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. As a group, sell-side analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.
Sezzle announced that its board has approved a share repurchase plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.
Insider Buying and Selling at Sezzle
In other Sezzle news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction that occurred 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 of the company's stock, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 57.65% of the company's stock.
Institutional Trading of Sezzle
A number of institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in Sezzle in the fourth quarter worth $30,000. Meeder Asset Management Inc. bought a new position in Sezzle during the fourth quarter valued at about $31,000. Federated Hermes Inc. increased its holdings in Sezzle by 3,575.0% during the fourth 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 bought a new stake in Sezzle in the fourth quarter worth about $80,000. Finally, Principal Securities Inc. bought a new stake in Sezzle in the fourth quarter worth about $84,000. 2.02% of the stock is owned by hedge funds and other institutional investors.
Sezzle Company Profile
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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.
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