Sezzle (NASDAQ:SEZL) Trading Down 5.6% – What’s Next?

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

Analysts Set New Price Targets

Several analysts have commented on SEZL shares. Northland Securities raised their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $377.00 target price (up previously from $372.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Trading Down 6.2 %

The stock has a market cap of $1.33 billion, a P/E ratio of 25.05 and a beta of 9.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50 day moving average price is $258.27 and its 200-day moving average price is $258.86.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, beating 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 business had revenue of $271.13 billion for the quarter, compared to the consensus estimate of $73.90 million. As a group, equities research analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle declared that its Board of Directors has authorized a share buyback program on Monday, March 10th that allows the company 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 generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Karen Hartje sold 3,457 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 35,121 shares of the company’s stock, valued at $11,109,474.72. The trade was 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 the SEC website. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Large investors have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd bought a new position in shares of Sezzle during the 4th quarter valued at $30,000. Meeder Asset Management Inc. purchased a new stake in Sezzle during the fourth quarter valued at approximately $31,000. Federated Hermes Inc. raised its holdings in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 143 shares during the period. Modus Advisors LLC purchased a new position in Sezzle during the fourth quarter valued at $80,000. Finally, Principal Securities Inc. bought a new stake in Sezzle during the fourth quarter valued at about $84,000. 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.