Sezzle (NASDAQ:SEZL) Announces Share Buyback Program

Sezzle (NASDAQ:SEZL) declared that its board has authorized a share repurchase program on Monday, March 10th, RTT News reports. The company plans to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Sezzle Price Performance

NASDAQ:SEZL traded down $29.53 during trading hours on Monday, hitting $204.12. 194,855 shares of the stock were exchanged, compared to its average volume of 163,431. Sezzle has a 52-week low of $40.39 and a 52-week high of $477.52. The firm’s fifty day moving average price is $262.51 and its 200 day moving average price is $251.01. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $1.15 billion, a P/E ratio of 21.71 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping the consensus estimate of $3.08 by $1.31. 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 analyst estimates of $73.90 million. As a group, equities research analysts anticipate that Sezzle will post 9.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $377.00 price target (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th. Northland Securities boosted their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insider Activity

In other news, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 57.65% 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.