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

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

Analyst Upgrades and Downgrades

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

Sezzle Trading Down 6.2 %

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 stock has a market cap of $1.33 billion, a P/E ratio of 25.05 and a beta of 9.09. The firm’s fifty day moving average price is $258.27 and its two-hundred day moving average price is $258.86.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $73.90 million. As a group, equities research analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

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

Insider Activity at Sezzle

In other Sezzle 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 owns 35,121 shares of the company’s stock, valued at $11,109,474.72. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sezzle by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company’s stock worth $338,000 after purchasing an additional 44 shares during the period. Rhumbline Advisers grew its stake in shares of Sezzle by 1.8% during the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock valued at $654,000 after buying an additional 45 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Sezzle in the fourth quarter worth about $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle in the 4th quarter valued at about $31,000. Finally, Federated Hermes Inc. boosted its holdings in Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after acquiring an additional 143 shares during the period. 2.02% of the stock is currently owned by institutional investors.

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.