Sezzle (NASDAQ:SEZL) Rating Reiterated by Northland Securities

Northland Securities reiterated their outperform rating on shares of Sezzle (NASDAQ:SEZL) in a research note published on Monday morning, Benzinga reports. Northland Securities currently has a $185.00 price objective on the stock, up from their prior price objective of $150.00.

SEZL has been the subject of several other reports. Northland Capmk upgraded Sezzle to a strong-buy rating in a research report on Tuesday, July 9th. B. Riley raised their target price on Sezzle from $132.00 to $163.00 and gave the stock a buy rating in a research note on Friday, August 23rd.

Sezzle Stock Up 1.6 %

SEZL opened at $176.79 on Monday. Sezzle has a fifty-two week low of $7.15 and a fifty-two week high of $185.18. The firm has a market capitalization of $990.02 million and a P/E ratio of 77.54. The company’s 50-day moving average is $120.37 and its 200 day moving average is $89.27. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. The company had revenue of $55.97 million for the quarter, compared to the consensus estimate of $43.35 million. Research analysts expect that Sezzle will post 6.71 earnings per share for the current fiscal year.

Insider Activity at Sezzle

In related news, Director Paul Martin Purcell sold 4,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $89.19, for a total transaction of $356,760.00. Following the completion of the sale, the director now directly owns 396,173 shares in the company, valued at approximately $35,334,669.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Paul Martin Purcell sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $89.19, for a total transaction of $356,760.00. Following the completion of the transaction, the director now owns 396,173 shares in the company, valued at $35,334,669.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the transaction, the chief operating officer now owns 51,748 shares of the company’s stock, valued at $7,612,130.80. The disclosure for this sale can be found here. Insiders sold 176,714 shares of company stock worth $21,805,651 in the last ninety days. 57.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sezzle

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new position in Sezzle in the second quarter worth about $203,000. Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the second quarter valued at approximately $356,000. XTX Topco Ltd purchased a new position in Sezzle in the 2nd quarter worth approximately $544,000. Bank of New York Mellon Corp bought a new position in Sezzle in the 2nd quarter valued at approximately $611,000. Finally, Vanguard Group Inc. purchased a new stake in Sezzle during the 1st quarter valued at $13,369,000. 2.02% of the stock is owned by institutional investors.

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.