Sezzle (NASDAQ:SEZL) Trading Down 6.5% – Time to Sell?

Sezzle Inc. (NASDAQ:SEZL)’s share price traded down 6.5% during mid-day trading on Thursday . The company traded as low as $230.39 and last traded at $222.01. 3,970 shares were traded during trading, a decline of 98% from the average session volume of 163,300 shares. The stock had previously closed at $237.34.

Analyst Upgrades and Downgrades

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

Sezzle Stock Up 7.0 %

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 24.74 and a beta of 9.09. The stock’s 50-day moving average is $259.40 and its 200-day moving average is $252.09. 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) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 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 analyst estimates of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. On average, analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were 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 owns 35,121 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in Sezzle during the third quarter valued at about $548,000. Covestor Ltd bought a new position in Sezzle during the third quarter valued at about $38,000. Navellier & Associates Inc. bought a new position in Sezzle during the third quarter valued at about $1,217,000. Charles Schwab Investment Management Inc. grew its position in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after buying an additional 13,383 shares during the period. Finally, MetLife Investment Management LLC grew its position in Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after buying an additional 815 shares during the period. Institutional investors own 2.02% of the company’s stock.

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.