Sezzle (NASDAQ:SEZL) Shares Down 5.6% - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s stock price dropped 5.6% on Wednesday . The stock traded as low as $241.67 and last traded at $236.49. Approximately 11,619 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 115,660 shares. The stock had previously closed at $250.49.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. B. Riley reissued a "buy" rating and set a $377.00 price target (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th. Northland Securities increased their target price on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th.

Sezzle Price Performance

The firm has a market cap of $1.19 billion, a PE ratio of 22.45 and a beta of 9.09. The stock's fifty day moving average price is $256.79 and its 200-day moving average price is $259.89. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted 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. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. As a group, equities analysts forecast that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Remove Ads

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

Insider Buying and Selling

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 57.65% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SEZL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sezzle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock worth $338,000 after acquiring an additional 44 shares during the last quarter. Rhumbline Advisers raised its stake in Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock valued at $654,000 after purchasing an additional 45 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Sezzle in the 4th quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle during the 4th quarter worth about $31,000. Finally, Federated Hermes Inc. grew its holdings in shares of 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 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.